TROUBLED TIMES

THE DEBT

`6,903

CR Loans taken by Kingfisher Airlines (KFA) `9,300

CR KFA owes to banks and various govt departments in loans, interests and other dues

THE OFFER

`4,000 Mallya ready to pay back, CR his lawyers told the Supreme Court The offer will be a mix of cash and pledged shares of some of Mallya’s companies The offer was made to a consortium of 17 banks — led by the State Bank of India (SBI) — that approached the top court last month to recover its dues The court gave a week’s time to the banks to respond to Mallya’s offer

THE REJECTION

The consortium of banks rejected Mallya’s offer to pay Rs4,000 crore by September towards settlement of his loan

The banks, led by the State Bank of India (SBI), have also demanded that Mallya be personally present at the next hearing of the case in Supreme Court on April 26

The top court has asked Mallya to disclose all assets owned by him and his family in India and abroad by April 21

NOT IN INDIA

Mallya, 60, left India on March 2 as the creditor banks closed in on him to recover the huge loan amount owed by his now-defunct Kingfisher Airlines

Mallya is understood to have left for UK on his diplomatic passport though his exact whereabouts are not known

OPTIONS FOR HIM

Mallya has the option of first appealing against the passport revocation if the govt decides on it, besides looking at other legal routes.