Mallya committee hearing delayed

Vijay Mallya, chairman of Kingfisher Airlines, has been granted more time before appearing in front of a committee constituted by United Bank of India to examine if Mallya wilfully defaulted on the lender. in May, the Kolkata-based government bank slapped a “wilful defaulter” notice on Mallya’s grounded Kingfisher Airlines and its board members. If a bank serves such a notice to a borrower, it has to constitute a committee to hear the defence. Mallya will now appear on July 9th. According to Reserve Bank of India (RBI) guidelines, banks can categorise defaulters as “wilful”, if a borrower has not paid