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

News Snippets

  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • T20 WC: USA enter Super Eights as their last match against Ireland gets washed out. They were ahead of Pakistan in the points tally. Pakistan were eliminated
  • BJD leader and former Odisha CM Naveen Patnaik said that the criticism of his aide V K Pandian is "regrettable"
  • As more than 20 BJP ministers lost in the recent elections, the new Union cabinet will have many new faces from the party
  • Congress Working committee asks Rahul Gandhi to take up the position of Leader of Opposition in Lok Sabha. Gandhi says he will consider the request
  • RBI governor Shaktikanta Das said that gold was shifted to India as the quantum of RBI gold abroad had increased due to recent purchases
  • Delhi HC rules that submitting photographic evidence of adultery will not be enough, they will have to be proved as authentic in the age of deepfakes
  • A four-member panel will review NEET-UG results of 1563 candidates to check if they were given extra marks for exam time loss
  • Mamata Banerjee says her party will not join Modi's oath-taking ceremony. Also says INDIA bloc might stake claim to form government later
  • K C Tyagi of the JD(U) dropped a bombshell when he said that Nitish Kumar was offered the post of prime minister for switching sides. Opposition leaders rubbished the claim
  • This May was India's hottest month in 36 years says IMD
  • T20 WC: India take on Pakistan today. Telecast to begin at 8pm IST
  • T20 WC: Afghanistan stun New Zealand and Bangladesh win against Sri Lanka
  • T20 World Cup: Australia beat England by 36 runs. This spoils England's chances of making the playoffs as they have lost both their matches till now
  • Heat wave continues in the country as monsoon moves slow
G7 commits to promote India-Europe corridor
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.