Mallya 'ready' to pay back his creditors

Fugitive liquor baron Vijay Mallya is ready to pay his dues to the creditors, his lawyer told a special Prevention of Money Laundering Act court on Thursday. The court began hearing a plea by the ED, which wants to declare Mallya a fugitive economic offender and confiscate his properties in India. Mallya, who is currently in London, has so far neither appeared in court, nor submitted any undertaking indicating he would join the process of law.