Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher Airlines
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, Monday said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.
Jul 25, 2016, 21:08 PM IST
ED gathers pace on money laundering probe against Vijay Mallya; seeks details on overseas assets
As the money laundering probe against embattled liquor baron Vijay Mallya gathers pace, the Enforcement Directorate (ED) is preparing to issue Letters Rogatories (LRs) to a certain countries, including South Africa and the UK, for obtaining information on his overseas assets.
Apr 03, 2016, 16:22 PM IST
UBI ''serious'' to recover money from Kingfisher Airlines
In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."
Jun 23, 2015, 19:11 PM IST
