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.
Thirteen passengers on board a
Kingfisher Airlines Chennai-Tiruchirapalli flight had a
miraculous escape after one of its tyres burst while landing
at the airport here late Friday night, airport officials said.