Ready to settle dues: Mallya

Soon after London's Westminster Court extended bail of Vijay Mallya on Tuesday, the embattled liquor baron said that he is ready to settle his dues.

"I have not applied for any clemency. But, I am ready to settle my dues," Mallya, who is wanted in India on the charges of bank fraud and money laundering, told reporters after his extradition trial hearing.

Mallya, however, appeared confident when he said that banks cannot file his assets for complaints. "My assets can't be attached for the complaints filed by the banks. They can't be sold. Let the judiciary decide what's right," he said.

Earlier on June 30, Mallya was summoned by a designated court under Fugitive Economic Offenders to appear before it on August 27. The notice was issued to Mallya and others in connection with Enforcement Directorate's June 22 application to declare him as a fugitive economic offender and to confiscate his properties.

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