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Vijay Mallya & Kingfisher Airlines Loan Default (₹9,000+ crore)

📅 Fled India in 2016💸 ₹9,000 Cr💰 Banking / Loan Default

Case Summary

Kingfisher Airlines defaulted on a consortium of bank loans and Vijay Mallya's exit from India made the case symbolic of large corporate defaults.

Year

2016

Fraud Amount

₹9,000 Crore

📖 What Happened

Kingfisher Airlines collapsed under debt after borrowing heavily from Indian banks, leaving lenders chasing recovery for years.

Vijay Mallya left India in 2016 and the dispute evolved into a major extradition and fugitive economic offender case.

For many Indians, the case came to symbolise the unequal treatment perceived between ordinary borrowers and politically connected large defaulters.

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