6 Biggest Loan Defaulters in India


2. Kingfisher Airlines

Kingfisher Airlines is in the top list of loan defaulters, owing a sum of 2, 673 crore. Already the airlines had suffered through a series of crisis in early 2012 and recently United Bank of India ask over Mallya and three other directors of Kingfisher Airlines to present before a panel of bank at the head office in early July.

On the other hand SBI which lent 6, 500 crore to airlines is finding ways to declare Mallya as ‘wilful defaulter.’ "We are looking at various ways to declare Vijay Mallya a wilful defaulter and trying build a strong case in that regard," an SBI source said.

3. Electrotherm India

Engineering and steel company Electrotherm India Limited holds a heavy amount of market share in the metal melting industry, but it is also inclined to repay of loan of 2211 crore. The company received the notice from high court for winding up. Electrotherm (India) Ltd said” the Gujarat High Court has admitted a petition filed by UCO Bank to wind up EIL.”