13 May, 2021


Business in bitesizes

The guarantor of ­dubious fortunes

The case of Vijay Mallya’s farmer guarantor is getting murkier. According to UP farmer Manmohan Singh—who was named Mallya’s guarantor in December 2015—the Bank of Baroda (BoB) has threatened him with dire consequences if he pursues his defamation case against the bank. In response, Singh has approached the local authorities for protection. Singh had earlier filed a defamation case against BoB and sought Rs 10 lakh in damages for falsely naming him the guarantor for the liquor baron. Although the bank has de-sealed Singh’s ­accounts, his name has not been cleared yet. But, what about Mr Vijay Mallya?

Mr Bhagat’s tax solutions


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