November 16, 2016 8:55 PM

printer

Vijay Mallya loan not waived off: Arun Jaitley

Union Finance Minister Arun Jaitley today maintained in Parliament that there was no loan waiver of Vijay Mallya promoted Kingfisher Airlines and the liability on the borrowers still remains. <br/><br/>Replying to opposition allegation in the Rajya Sabha during the demonitisation debate, Mr. Jaitley asked opposition members not to go by the literal meaning of write-off as it does not mean loan waiver. He said the loan still remains.<br/><br/>The Minister was replying to CPI(M) leader Sitaram Yechury who referred to a newspaper report which said SBI wrote off loans of wilful defaulters including Rs 1,200 crore of Kingfisher Airlines. <br/><br/>Without specifically referring to the Kingfisher case, Mr. Jaitley said, this loan was restructured when another government was in power.

Most Read
View All arrow-right

No posts found.