WILFUL DEFAULTERS TAKING BANKS FOR A RIDE KOTHARIS LATEST ADDITION.
The King of Good Times Vijay Mallya is now facing bad times. The diamond Mughal Nirav Modi has been stigmatised as Jewel Thief. Fall, what a great fall Lalit Modi had?
Here, one more name has just been added: Vikram Kothari of Rotomac Pens. Flamboyant Vikram and his son Rahul, already arrested, owes over Rs. 3,695 crore to Allahabad Bank, Bank of India, Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Union Bank of India.
Interestingly, while pushing the pens, the pen-pushers now are saying Likhte, Likhte “Hate” Ho Jaye unlike what ravishing Ravina (Tandon) said while endorsing Rotomac Pens in 1990s Likhte, Likhte Love Ho Jaye…
wThe love for writing “Hatewords” emanates out of the fact that the business houses in India caused a whooping Rs. 1.1 lakh crore bad loans or non performing assets to the banking sector between 2013-17 fiscal years. Kotharis were declared wilful defaulters in February, 2017. The business baron contested it in the Allahabad High Court and won. But Kotharis did not pay back the dues to the banks.
This story is from the March 2018 edition of Eastern Panorama.
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This story is from the March 2018 edition of Eastern Panorama.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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