Jaypee Infratech makes attempt to save its debt-ridden company from insolvency proceedings.
Share prices plunged by as much as 3.5%.
Mallya is currently in London even as agencies have started the process of recovering the money he's fled with.
From routing money to different entities owned by him to diverting funds abroad, Mallya has done it all.
There is a huge mismatch between RBI estimation and respective private bank’s own estimation of stressed assets.