SBI says KFA lenders to meet in 15 days; Mallya meets staff
"Bankers are going to meet within 15 days. Consensus (on liquidation or whatever action that bankers take) can emerge only when the company comes up with a credible plan," said Pratip Chaudhuri, Chairman of State Bank of India having an exposure of Rs 1,600 crore not serviced since last January, to the troubled company.
He was speaking to reporters on the sidelines of a function attended by Finance Minister P Chidambaram where he launched an infra debt fund from being run by IL&FS here this evening.
Earlier in the day, Mallya met a group of pilots and engineers amidst their threat to file a winding up petition and is understood to have told them that he was trying to get bankers and the regulator DGCA on board to restart the carrier.
However, Mallya did not give them any commitment on the payment of salary dues pending since May last, saying he is trying hard to get the airline off the ground.
This was Mallya's first meeting with his employees since the grounding of the carrier. So far, the employees' unrest and issues were being handled by CEO Sanjay Aggarwal.
According to sources, Mallya said he was making efforts to obtain no-objection certificates from DGCA and
Be the first to comment.