BENGALURU:  It is no longer a new headline that the banks are seeking for the return of 9,000 crore in overdue loans and interest from Vijay Mallya’s Kingfisher Airlines. This latest discussed topic, Mallya's debt disaster is teaching a lesson to future managers. As the business school gives the birth to businessman or business women, the Vijay Mallya’s story has given B-schools such as the Indian Institutes of Management (IIMs)—the study material for the discussions of ethics, corporate governance, brand management, entrepreneurship, reports Devina Sengupta and Anumeha Chaturvedi for economictimes.com.

Most of the business schools center their teaching on the use of case studies which are nothing but the historical descriptions of actual business situations; hence Vijay Maliya’s example is one of them. The schools have included this subject of discussion in the classes to avoid giving birth to another Maliya in the future. The schools are teaching on the downfalls of the businessmen so as the future managers should learn from it.

Including these real-time examples, B-schools are trying to teach their students not to repeat Vijay Maliya’s mistakes and the limits to which they can defy economic logic of an industry. In order to stay away from these kinds of disasters the professors are guiding student on how to choose a company to making better business strategies and becoming a successful businessman. Depending on the Mallya’s case the conclusion is before joining any company the students should have to check for company's performance and image so that they won’t be in place of Mallya.

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