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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...- 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...
- ED gets leads in Rs 900 crore money laundering case on Kingfisher AirlinesThe Enforcement Directorate (ED) is learnt to have got a couple of crucial leads while examining bank documents in the Rs 900-crore money l...
- CBI to probe if netas pushed Vijay Mallya loansThe Central Bureau of Investigation (CBI) will probe if some public sector banks were pressured into lending and restructuring loans.
- Loan default case: ED quizzes Kingfisher Airlines' ex-CFO Raghunathan for 2nd dayThe ED has pressed charges under various sections of the PMLA against Mallya and others named in the CBI complaint.
- EPFO to probe Kingfisher Airlines' PF duesAfter Kingfisher Airlines was grounded in 2012, employees had staged a massive protest over the non-payment of PF dues.
- ED summons Vijay Mallya, gives him a week's timeOfficial sources said Mallya has been summoned to appear before investigators of the ED here on March 18.
- Unpaid Kingfisher employees approach move Labour CommissionerIn a related development, the airline management failed to attend a meeting called by the RLC on the issue.
- KFA ex-executive heads company seeking dues from airlineThe airline was grounded last October and its licence has not been renewed. Patel was among the key people trying to restart the airline.
- KFA ex-executive heads company seeking dues from airlineAn Indo-American aviation whiz kid, who helped Vijay Mallya launch Kingfisher Airlines (KFA) nine years ago, quit earlier this year.
- 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...
- Power supply at Kingfisher's head office snapped for non-payment of billsThe Qube, near the international airport is a commercial complex from where Kingfisher Airlines' operations are monitored.
- Aviation stocks may burn fingers: Jagannadham Thunuguntla, Equity Head, SMC CapitalsFrom the fundamental point of view, it absolutely makes no sense thinking about aviation stocks.
- Kingfisher Airlines settles GMR dues, warrants against Vijay Mallya withdrawnThe ailing airline Kingfisher Airlines has on Wednesday cleared the Rs 10.5 crore of dues to GMR, the owner of Hyderabad International Airp...
- Kingfisher Airlines' employees get income-tax notices on non-payment of taxesVijay Mallya-controlled airline deducts TDS but fails to transfer amount, income-tax department finds mismatch in refunds claimed by employ...
- UB CFO Ravi Nedungadi predicted Kingfisher Airlines would be a drain on company's financesUB Group CFO Ravi Nedungadi is the man who had expressed reservations about the foray when Mallya first broached the idea of an airline wit...
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