Another controversy hits IPL

Rishav Narang / 11 March 2016
Vijay Mallya

Indian Premier League which have been always in the news due to wrong reasons has been struck by another controversy as Supreme Court of India has declared the owner of Vijay Mallya as a loan defaulter. He is the owner Royal challengers Bangalore team.

The owner of RCB Vijay Mallya who have ways been in the news for all wrong reasons raised a loan amount of around 900 thousand Crores from at least 17 banks which he has not repaid till now. Instead of paying the loan amount back “The king of Good Times” has run away from the country and have escaped in his house in Britain.

He left the country on March 2 as per government of India. Well, reports suggest that Mallya was spotted at Delhi airport on 2 March at around 12 pm. He boarded a flight to London at around 1:30 P.M. And in one of the shocking news Mallya was present in the parliamentary proceedings on March 1. This is really shocking news.

But self-proclaimed innocent Mallya tweeted that he is an international businessman and he has not run away from the country. He wrote that he is a responsible M.P. and will face the law.

In one of the most popular incidence few years back, the employees of Kingfisher protested outside the house of cricketer Virat Kohli and urged him not to play for R.C.B. as Mallya have crores to spend in IPL but is unable to pay the salary of his employees. According to a press release issued by BCCI, Virat Kohli draws a whopping amount of 15 Crores every year by playing for R.C.B.

So it’s a big matter of concern as the court has asked Mallya to give details of his assets and RCB is a big asset for Mallya. So the decision of the court will decide the fate of R.C.B. in the future. There may be a chance that court may order Mallya to sell his team to pay back the loan amount but it’s not an easy task at all.

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