News Details
Mallya makes offer to clear massive debts
Force India owner Vijay Mallya, who is accused of fleeing to London this month owing more than a billion dollars to Indian banks, told India's top court on Wednesday that he would repay over 40 percent of his debts by September, one of his lawyers said. Mallya, who has failed to appear for questioning by authorities, made the offer to the Supreme Court, said the lawyer, C.S. Vaidyanathan. The Press Trust of India news agency reported that the court gave the banks a week to respond to Mallya's proposal. If they decline to accept it, then he will face prosecution. Mallya has failed to appear for questioning by India's Enforcement Directorate, which has been investigating his massive debt...
Full Story »
Full Story »
9y ago from GrandPrix247.com
0
You May Also Be Interested In...
Force India preview the Bahrain Grand Prix
Sahara Force India gets ready for round two of the 2016 Formula 1 world...
9y ago from GrandPrix247.com
Force India expecting tight midfield battle
– Force India Team Principal Vijay Mallya says he is expecting a...
9y ago from GPUpdate.net
Force India to run Celis in FP1 in Bahrain
Alfonso Celis will have another chance to drive for the Force India team...
9y ago from FormulaSpy.com
F1 loophole – Rookie drivers allowed in practice
Force India have digressed that will be in the first practice session...
9y ago from F1.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Honda to debut 2027 MotoGP bike in Sepang this week
No description available...
18h ago from Motorsport.com
MotoGP shelves ‘leg wing’ ban but will revisit...
No description available...
19h ago from Motorsport.com
Pirelli wants to test new MotoGP tyres with 2027 bikes...
No description available...
1d ago from Motorsport.com
Who crashed the most during the 2025 MotoGP season?
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Simpson hoping Sunoco partnership grows into...
No description available...
16h ago from Motorsport.com
Sunoco makes full-time IndyCar return as primary...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
3d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
4d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
19h ago from Motorsport.com
Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...
Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
1d ago from MotorsportWeek.c...
Lancia reveals driver line-up for 2026 WRC return
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: White 'out for a month' as defensive...
No description available...
1h ago from SkySports.com
Another defensive injury increases January transfer...
Morning all. It's a bit mad to think that after spending so much during...
2h ago from Arseblog.com
Arsecast Extra Episode 671 – 15.12.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
20h ago from Arseblog.com
Ref Watch LIVE! Arsenal's controversial opener, should...
No description available...
1d ago from SkySports.com
Comments
Hottest News
Norris overlooked as Brundle reveals his standout driver of...
Lando Norris may have ended the season as Formula... Read More »
1h ago from F1i.com
Portuguese GP to return to F1 calendar in 2027
Portugal will return to the F1 calendar in 2027... Read More »
31m ago from BBC.co.uk
Former F1 star open to sensational return
Former Haas driver Romain Grosjean has spoken... Read More »
51m ago from GPFans.com
