Mallya’s Rs 1,500-crore personal guarantee isn’t easy to enforce

To what extent is Vijay Mallya personally liable to repay the Rs 9,000-crore loans taken by Kingfisher Airlines (KFA)? Bankers say that his personal guarantees amount to Rs 1,500 crore, but laws do not allow for summary attachment of a guarantor’s assets and this entails a separate legal process.