Largest deal in thermal power space; Lanco to use proceeds to lower debt.
'Mallya has offered to pay the original amount.' 'Let us say he means the principal amount and that stands at Rs 5,000 crores.' 'The Indian banks have to ask themselves if they would rather have this 5,000 crores or would have none of it at all,' asks Sudhir Bisht.
"By taking my passport or arresting me, they are not getting any money," Vijay Mallya said.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
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