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Karnataka Farmers Association Gives State 15 Days To Meet Demands
The Karnataka Farmers' Association (KFA) on Monday gave the state government 15 days to meet their demands, including loan waiver, minimum support price for all crops and compensation for drought, failing which they would resume and intensify their stir.
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Vijay Mallya Breaks His Silence, Disputes Wilful Defaulter Tag. Ten Things To Know
Vijay Mallya highlighted that he has been made the Poster Boy of bank default and a lightning rod of public anger
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Vijay Mallya A "Victim Of Flamboyance And Arrogance": Air Deccan Chairman
Kingfisher Airlines (KFA) founder Vijay Mallya is a "victim of flamboyance and arrogance rather than any political conspiracy", Air Deccan chairman G R Gopinath has said.
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Lenders Cut Reserve Prices Of KFA Properties For March 6 Auction
The lenders have kept reserve price of the Kingfisher Villa, the plush property situated at Condolim in north Goa at Rs 73 crore, which is around 10 per cent down than the second auction held last December.
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Vijay Mallya-Bank CMD Holiday Meeting Led To Hasty Sanction Of Rs 350 Crore Loan: Enforcement Directorate
The agency, probing the case for money laundering charges, has said its investigation found that the processes deployed to structure and re-structure the loan by the bank to the now-defunct airline was planned to be defrauded and that Mr Mallya and Kingfisher Airlines (KFA) had "no intent" to repay it.
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Karnataka High Court Orders Winding Up Of Kingfisher Airlines
Pronouncing the judgement, Justice V Kothari observed that since KFA did not pay up dues to Aerotron, the court was ordering winding up of the airline company.
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Will Cut Price To Auction Kingfisher Villa Again, Says PNB Official
The villa was owned by United Breweries Holdings, one of the Vijay Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.
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Karnataka High Court Summons Vijay Mallya To Appear On November 24
The Debt Recovery Tribunal had last year restrained Standard Chartered Bank from transferring to Diageo Plc or anyone else the equity shares of United Breweries Holding Limited (UBHL) pledged by Mr Mallya and his son Siddharth with the bank.
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Kingfisher Airlines Brands Fail To Find Buyers: Report
In a big disappointment for lenders for the second time, an auction of the long-grounded Kingfisher Airlines' (KFA) trademarks and logo turned out to be a damp squib once again despite having a lower reserve price.
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Not Liable To Repay Rs 6,000 Crore Debt Due to Breach Of Terms: KFA
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, on 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.
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Gave Kingfisher Airlines Loan Guarantee Under Coercion: Vijay Mallya
Embattled tycoon Vijay Mallya has defended his position of not being personally liable for repayment of loans worth Rs 9,431 crore to now-defunct Kingfisher Airlines saying he had given personal guarantee for the same "under coercion".
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Kingfisher Airlines' PF Contributions to be Probed, Says Government
The Labour Ministry will soon launch an investigation to check whether there were any anomalies in the provident fund contributions made by Kingfisher Airlines for its employees when the carrier was functioning, Union Minister Bandaru Dattatreya has said.
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Enforcement Directorate Quizzes Former Top Official Of Kingfisher Airlines In Loan Default Case
Former Chief Financial Officer (CFO) of long-grounded carrier Kingfisher Airlines (KFA), A Raghunathan today appeared before the Enforcement Directorate (ED) for questioning in connection with its money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank.
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Kingfisher Airlines Loan Recovery Not Possible in Near Term: United Bank
United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short run but hoped the recovery could be possible in the long-run.
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UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
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Karnataka Farmers Association Gives State 15 Days To Meet Demands
The Karnataka Farmers' Association (KFA) on Monday gave the state government 15 days to meet their demands, including loan waiver, minimum support price for all crops and compensation for drought, failing which they would resume and intensify their stir.
-
Vijay Mallya Breaks His Silence, Disputes Wilful Defaulter Tag. Ten Things To Know
Vijay Mallya highlighted that he has been made the Poster Boy of bank default and a lightning rod of public anger
-
Vijay Mallya A "Victim Of Flamboyance And Arrogance": Air Deccan Chairman
Kingfisher Airlines (KFA) founder Vijay Mallya is a "victim of flamboyance and arrogance rather than any political conspiracy", Air Deccan chairman G R Gopinath has said.
-
Lenders Cut Reserve Prices Of KFA Properties For March 6 Auction
The lenders have kept reserve price of the Kingfisher Villa, the plush property situated at Condolim in north Goa at Rs 73 crore, which is around 10 per cent down than the second auction held last December.
-
Vijay Mallya-Bank CMD Holiday Meeting Led To Hasty Sanction Of Rs 350 Crore Loan: Enforcement Directorate
The agency, probing the case for money laundering charges, has said its investigation found that the processes deployed to structure and re-structure the loan by the bank to the now-defunct airline was planned to be defrauded and that Mr Mallya and Kingfisher Airlines (KFA) had "no intent" to repay it.
-
Karnataka High Court Orders Winding Up Of Kingfisher Airlines
Pronouncing the judgement, Justice V Kothari observed that since KFA did not pay up dues to Aerotron, the court was ordering winding up of the airline company.
-
Will Cut Price To Auction Kingfisher Villa Again, Says PNB Official
The villa was owned by United Breweries Holdings, one of the Vijay Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.
-
Karnataka High Court Summons Vijay Mallya To Appear On November 24
The Debt Recovery Tribunal had last year restrained Standard Chartered Bank from transferring to Diageo Plc or anyone else the equity shares of United Breweries Holding Limited (UBHL) pledged by Mr Mallya and his son Siddharth with the bank.
-
Kingfisher Airlines Brands Fail To Find Buyers: Report
In a big disappointment for lenders for the second time, an auction of the long-grounded Kingfisher Airlines' (KFA) trademarks and logo turned out to be a damp squib once again despite having a lower reserve price.
-
Not Liable To Repay Rs 6,000 Crore Debt Due to Breach Of Terms: KFA
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, on 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.
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Gave Kingfisher Airlines Loan Guarantee Under Coercion: Vijay Mallya
Embattled tycoon Vijay Mallya has defended his position of not being personally liable for repayment of loans worth Rs 9,431 crore to now-defunct Kingfisher Airlines saying he had given personal guarantee for the same "under coercion".
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Kingfisher Airlines' PF Contributions to be Probed, Says Government
The Labour Ministry will soon launch an investigation to check whether there were any anomalies in the provident fund contributions made by Kingfisher Airlines for its employees when the carrier was functioning, Union Minister Bandaru Dattatreya has said.
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Enforcement Directorate Quizzes Former Top Official Of Kingfisher Airlines In Loan Default Case
Former Chief Financial Officer (CFO) of long-grounded carrier Kingfisher Airlines (KFA), A Raghunathan today appeared before the Enforcement Directorate (ED) for questioning in connection with its money laundering probe in the alleged default of over Rs 900 crore loan from IDBI bank.
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Kingfisher Airlines Loan Recovery Not Possible in Near Term: United Bank
United Bank of India on Monday informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short run but hoped the recovery could be possible in the long-run.
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UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
City-based UCO Bank today said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
