SBI is right in writing to DG OF AVIATION to stop issuing New permission to start a new Budget Airlines to Capt..Gopinath, ex. chief of Air Deccan.
. He still owes over Rs.500 crores to SBI and many more to other banks and now he wants to start a new one and bleed the banks again. Loans to Infrastructure comapanies and Airways have turned into bad debts and there is very little scope to recover same with many companies going burst. Once bitten twice shy.. you can pull a trick once but not always.. It is tax payers money he is trying to fool with..
. He still owes over Rs.500 crores to SBI and many more to other banks and now he wants to start a new one and bleed the banks again. Loans to Infrastructure comapanies and Airways have turned into bad debts and there is very little scope to recover same with many companies going burst. Once bitten twice shy.. you can pull a trick once but not always.. It is tax payers money he is trying to fool with..
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