Last month, Mallya had urged the banks to take his money and save the cash-strapped Jet Airways.
Mallya’s lawyers told State Bank of India that their client is willing to cut his spending to 29,500 pounds a month. He is currently spending about 18,300 pounds a week.
The airline’s troubles are not recent—it has been struggling in the red for over five years and its net worth has been persistently negative.
The bank-led restructuring package for Jet Airways, at first blush, appears solely guided by the sovereign’s self-interest.
The fugitive liquor baron further claimed that he has made the offer to settle the matter before the High Court Court of Karnataka.
With celebrity photographer Atul Kasbekar at the helm, the Kingfisher Calendar is now in its 17th edition.
Locals believe that the bird must have landed on the trap while trying to feed on the already trapped rats.
In a major boost to India's efforts to bring back Mallya, who is wanted for loan default worth around Rs 9,000 crore to a consortium of 13 banks led by SBI, a UK court Monday ordered his extradition.
Mallya, who co-owned the Formula One motor racing team Force India until it went into administration in July, has denied all wrongdoing and argued the case against him was politically motivated.
The 62-year-old former Kingfisher Airlines boss has been on bail since his arrest on an extradition warrant in April last year.
The 62-year-old former Kingfisher Airlines boss, wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crores, has been on bail.
Making a reference to his liquor group United Breweries, Mallya said that "India's largest alcoholic beverage group" had contributed "thousands of crores" to the state exchequer over the years.
Investors and analysts said UB shares were hit by fears that the CCI raids could result in penalties and potentially dent profits in future.
The public grievance redressal programme, Prajavani, has seen many people seeking the attention of authorities to their grievances.
The BJP Thursday came out strongly in defense of its leader Arun Jaitley, a day after Mallya claimed he met the finance minister before leaving India, in 2016.