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Creditors spurn India tycoon Mallya's settlement offer

He owes US$1.4 billion from the collapse of Kingfisher Airlines

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The besieged beer baron last week offered to settle his dues with a 40 billion rupee (S$813.1 million) payment by the end of September.

New Delhi

INDIA'S Supreme Court has given Vijay Mallya two weeks to declare all his assets after lenders rejected the tycoon's settlement offer over the US$1.4 billion owing from the collapse of Kingfisher Airlines Ltd.

The court on Thursday gave the former billionaire until April

sentifi.com

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