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KFA ASSETS
I've become poster boy of bank default, will pay up what I owe, says Vijay Mallya in a letterMallya says he is "making every effort" to settle his dues but he has been made the "Poster Boy" of bank default and a lightning rod for pu...- ED says Vijay Mallya created 20 shell companies; will confiscate more assetsMallya was holding movable and immovable assets, in the form of shares of public listed companies, by way of creating a web of shell compan...
- KFA-IDBI PMLA case: ED files charge sheet against Vijay Mallya, othersThe 57-page charge sheet or prosecution complaint, with voluminous annexures, was filed under various sections of the Prevention of Money L...
- IDBI officials relaxed loan rules for Kinghfisher Airline: CBIIn the letter, Nadkarni said that KFA’s capacity and revenue were reduced after the airline suffered 20 engine failures in the first half o...
- ED set to file first charge sheet in Vijay Mallya money laundering caseOfficials said the agency has already begun compiling the records in this regard and will soon be perusing a similar dossier filed by the C...
- Vijay Mallya-IDBI bank CMD holiday meeting led to hasty sanction of Rs 350 crore loan: EDED had registered a criminal case in this deal last year under the provisions of the Prevention of Money Laundering Act (PMLA) and has atta...
- Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher AirlinesKFA was to get the working capital fund from the lenders to continue their airline business, which the lenders violated and eventually the ...
- Enforcement Directorate preparing for LRs in Vijay Mallya-KFA probeOfficial sources said the agency has obtained details about immovable and movable assets held by the United Breweries (UB) Chairman in a nu...
- Why Vijay Mallya's default on loan payments is just the tip of a rapidly melting icebergWilful defaulters who do not pay back their loans and make timely interest payments add a layer of complexity to India’s corporate debt pro...
- Rs 6,000 crore to Rs 9,000 crore: Kingfisher Airlines' dues grew 50% in 5 yearsIn the interim, several movable assets - such as small aircraft and vehicles - have been all but reduced to scrap.
- IDBI Bank plunges as CBI registers inquiry against loan to Kingfisher Airlines"CBI has registered a preliminary enquiry (PE) to enquire into the role of IDBI and KFA," the CBI spokesperson said on Saturday.
- CBI registers inquiry against Kingfisher Airlines, IDBI BankCBI is looking into the Rs 950 crore alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit rati...
- Kingfisher at Rs 3.79 apiece, a dead stock?Shares of Kingfisher continued their downward spiral, slipping 3.81% on the BSE in intraday trade to Rs 3.79.
- Lenders take over Mumbai office of Kingfisher AirlinesLenders to Kingfisher Airlines on Saturday took possession of Kingfisher House—the erstwhile corporate office of Kingfisher Airlines.
- Banks led by SBI move to attach Kingfisher Airlines assets, recover duesBanks have asked Srei Infra to sell the shares by July–end and recover its due of Rs 429 cr and give the remaining shares to the consortium...
- Banks may crack whip on Kingfisher Airlines as lenders consider encashing securities, recall of loansThe lockout at KFA has stepped up pressure on lenders, who have a combined exposure of Rs 8,000 crore, to hasten action against the Mallya-...
- Vijay Mallya can sell stake in liquor companies to raise funds for Kingfisher Airlines: SBI ChiefKFA has not yet come up with any concrete plan to revival plans, said Pratip Chaudhuri. Mallya could still raise funds from his assets, the...
- Kingfisher Airlines reaches out for funds again, bankers unmovedIn a fresh letter to banks, Kingfisher has asked for further funding to keep airline afloat. Bankers, though are not keen to extend any fur...
- SBI may classify Kingfisher Airlines account as NPA, cut further funding till CDR completedAccording to sources, other banks like Bank of Baroda and Bank of India may also be mulling similar action if the airline misses its repaym...
- SBI may classify Kingfisher Airlines account as Non-Performing Assets, cut further funding till CDR completedSBI has the highest exposure to KFA among a consortium of banks including IDBI Bank, Bank of Baroda, Bank of India and ICICI Bank.
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