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Vijay Mallya – An Astute Businessman?

Affiliations

  • Tolani Maritime Institute, Induri, Pune, India

Abstract


The case attempts to explore the loopholes in the system which allowed Vijay Mallya who lived a flamboyant life, was a member of the Rajya Sabha and the chairman of a giant company, to flee from India even when Kingfisher Airlines was grounded (Kingfisher Airlines founded in 2005 went bust in 2012 and Kingfisher Red founded in 2009 went bust in 2014), staff was unpaid, and liabilities had mounted to around ⒡ 9000 crore. The case can be used in a business ethics class. It can be used to explain the finer intricacies of the Business Entity Concept. It can also be used for explaining the guidelines used by banks in order to advance loans to companies, and the effects of not following the guidelines. The case can be used for explaining the concepts of lien and pledge. It can also be used for demonstrating that during the campus-placements sessions the students should not be swayed by brand names and/or hefty pay-packages.

Keywords

Business Ethics, Financial Institutions, Provident Fund, Ex Gratia.

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References


  • Babu Venkatesha, “The Flight and Fall of Mallya”, India Today, XLI (13), 25.
  • Babu Venkatesha, “The Flight and Fall of Mallya”, India Today, XLI (13), 26.
  • Pratap Anita, (2016 March 27). “Moral Bankruptcy”, The Week, 50.
  • http://theubgroup.com/profile_genesis.aspx accessed on 2016 July 27.
  • Babu Venkatesha, “The Flight and Fall of Mallya”, India Today, XLI (13), 26.
  • Babu Venkatesha, “The Flight and Fall of Mallya”, India Today, XLI (13), 30-31.
  • Arun M. G., “Banking on a Goodwill that Wasn’t”, India Today, XLI (13), 32-32.
  • Mahapatra Dhananjay, “Mallya’s assets abroad worth more than his ₹9,000cr debt”, The Times of India, 17.
  • Deshpande Swati, (2016 March 10) “Service tax dept moves HC against Mallya”, The Times of India,17
  • Mahapatra Dhananjay, (2016 March 10). “Mallya flew out on March 2, reveals govt.What can be done now, asks SC”, The Times of India, 1
  • Altman E. I., (September 1968) “Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy”, Journal of Finance, 23, doi: 10.1111/j.1540-6261.1968.tb00843.x
  • N. Vittal (2012), “Ending Corruption? How To Clean Up India”, Penguin Group.
  • Jha Rajshekhar, (2016 Mar 12). “Mallya left on diplomatic passport”, The Times of India 1.

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