oppn parties Right Time, Good Time or Time Over for Mallya?

News Snippets

  • The home ministry has notified 50% constable-level jobs in BSF for direct recruitment for ex-Agniveers
  • Supreme Court said that if an accused or even a convict obtains a NOC from the concerned court with the rider that permission would be needed to go abroad, the government cannot obstruct renewal of their passport
  • Supreme Court said that criminal record and gravity of offence play a big part in bail decisions while quashing the bail of 5 habitual offenders
  • PM Modi visits Bengal, fails to holds a rally in Matua heartland of Nadia after dense fog prevents landing of his helicopter but addresses the crowd virtually from Kolkata aiprort
  • Government firm on sim-linking for web access to messaging apps, but may increase the auto logout time from 6 hours to 12-18 hours
  • Mizoram-New Delhi Rajdhani Express hits an elephant herd in Assam, killing seven elephants including four calves
  • Indian women take on Sri Lanka is the first match of the T20 series at Visakhapatnam today
  • U19 Asia Cup: India take on Pakistan today for the crown
  • In a surprisng move, the selectors dropped Shubman Gill from the T20 World Cup squad and made Axar Patel the vice-captain. Jitesh Sharma was also dropped to make way for Ishan Kishan as he was performing well and Rinku Singh earned a spot for his finishing abilities
  • Opposition parties, chiefly the Congress and TMC, say that changing the name of the rural employment guarantee scheme is an insult to the memory of Mahatma Gandhi
  • Commerce secreatary Rajesh Agarwal said that the latest data shows that exporters are diversifying
  • Finance Minister Nirmala Sitharaman said that if India were a 'dead economy' as claimed by opposition parties, India's rating would not have been upgraded
  • The Insurance Bill, to be tabled in Parliament, will give more teeth to the regulator and allow 100% FDI
  • Nitin Nabin took charge as the national working president of the BJP
  • Division in opposition ranks as J&K chief minister Omar Abdullah distances the INDIA bloc from vote chori and SIR pitch of the Congress
U19 World Cup - Pakistan thrash India by 192 runs ////// Shubman Gill dropped from T20 World Cup squad, Axar Patel replaces him as vice-captain
oppn parties
Right Time, Good Time or Time Over for Mallya?

By Sunil Garodia
First publised on 2016-03-14 18:19:12

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator.
Vijay Mallya is reported to have said that he was “forced to flee” India and that the time is not “right” for him to return. Did someone put a gun to his head and ask him to leave the country? Or did he get inside information from his many connections in the corridors of authority that his arrest was imminent? Being a lawmaker, Mallya should be aware that running away from legal problems is never the solution and the “right” time is the time to be decided by courts in India. Tweeting from the comfortable confines of his pad in the suburbs of London when there are so many cases pending against him make him an absconder despite his allusions to the contrary.

It seems Mallya’s IOU’s across the establishment are not working any more. He is complaining of media trial and reminding owners and editors of favours granted in past. That he has not yet publicly said the same for politicians means that he is playing for time and hoping that his many political friends will get him out of this mess. Already, two lightweights, Farooq Abdulla and H D Deve Gowda have spoken in his favour. Deve Gowda even tried to give the issue a regional colour by calling him a son of Karnataka despite Mallya claiming that he is an international businessman.

With banks pursuing cases against him with renewed vigour and everyone from the RBI to the government and from SEBI to the Supreme Court training their lenses on willful defaulters, there is no way Mallya can hope to save his assets given as guarantee to banks. Mallya would be best advised to acknowledge that time is up for him. It is reported he will still have something left over after the banks take their dues although that might not be enough to live life king size as he is used to. He should salvage what he can from the ruins. After all, the good times are going to end in any case.