Banks will take "every possible action" to recover the money owed by liquor baron Vijay Mallya's grounded carrier Kingfisher Airlines, Finance Minister Arun Jaitley told Parliament on Thursday.
The carrier owed banks Rs 9,091 crore including interest as of end-November, Jaitley said, responding to demands from the opposition Congress Party that the government make a statement.
"Banks are going to certainly take every possible action to recover not only from him but many other defaulters," he said.
Mallya, who is a guarantor to the Kingfisher loans, left India last week, a lawyer for the government told Supreme Court on Wednesday, asking the court to order his return.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
The carrier owed banks Rs 9,091 crore including interest as of end-November, Jaitley said, responding to demands from the opposition Congress Party that the government make a statement.
"Banks are going to certainly take every possible action to recover not only from him but many other defaulters," he said.
Mallya, who is a guarantor to the Kingfisher loans, left India last week, a lawyer for the government told Supreme Court on Wednesday, asking the court to order his return.
© Thomson Reuters 2016
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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