Vijay Mallya fails to repay Kingfisher loans, but buys players for IPL

India's public sector banks are struggling to recover even a fraction of their Rs 7000-crore loans from Vijay Mallya's grounded Kingfisher Airlines. However, Mallaya, the owner of Royal Challengers Bangalore, has bought players in the IPL 2015 auction.

Feb 16, 2015, 18:52 PM IST

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