TMI BlogDefault of loan repayment by vijay mallya led companiesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear friends, As we all know that Liquor Baron Vijay Mallya led Companies defualted in repayment of ₹ 9000 Crore to various banks. Now those banks are trying hard to get him arrested and recove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r their dues either by selling his properties and others. Now my doubt is If the Company has defaulted in repayments, then shareholders liability cannot exceed the amount attributable to them from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Company i.e. limited liability. How can the Banks recover from his personal assets ? Also what is the legal provisions behind this and behind his arrest ? Please suggest. P.S. It is on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly for knowledge purpose. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The bank can take over the assets as per SARFAESI Act and sell it and recover the sale proceeds. - Reply By Bijay Shrest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ha - The Reply = Thank you MARIAPPAN GOVINDARAJAN Sir. One more thing, is this because Vijay Mallya has given personal guarantee in respect of those loans so that the banks can recover the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from his personal assets ? - Default of loan repayment by vijay mallya led companies - Query Started By: - Bijay Shrestha Dated:- 10-4-2017 Corporate Laws / SEBI / LLP - Got 2 Replies - Companies L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aw - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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