Lenders Cut Reserve Prices Of KFA Properties For March 6 Auction
Press Trust of India | Friday February 17, 2017
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.
Press Trust of India | Sunday January 29, 2017
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
Press Trust of India | Friday November 18, 2016
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
Press Trust of India | Monday November 7, 2016
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
Press Trust of India | Thursday October 20, 2016
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
Press Trust of India | Thursday August 25, 2016
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
Press Trust of India | Monday July 25, 2016
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.
Gave Kingfisher Airlines Loan Guarantee Under Coercion: Vijay Mallya
Press Trust of India | Wednesday May 4, 2016
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".
Kingfisher Airlines' PF Contributions to be Probed, Says Government
Press Trust of India | Sunday March 13, 2016
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.
Enforcement Directorate Quizzes Former Top Official Of Kingfisher Airlines In Loan Default Case
India News | Press Trust of India | Friday March 11, 2016
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.
Kingfisher Airlines Loan Recovery Not Possible in Near Term: United Bank
Tuesday May 26, 2015
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.
UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
Monday October 27, 2014
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.
Working to Recover Loans From Kingfisher Airlines: Private Banks
Sunday October 26, 2014
At least two banks, the third largest private sector lender Axis Bank and the south-based Federal Bank, have said they have not classified KFA, Mallya and his senior officials as wilful defaulters.
United Bank of India Files Caveat in Supreme Court Against Kingfisher Airlines
Friday August 29, 2014
State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday.
Kingfisher trademarks put up for sale by lenders
Monday April 7, 2014
The trademarks put on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10, 2017. Flying Models registered with United Breweries (airline promoter) and valid up to August 6, 2014 is also put up on sale.
Govt not soft on Kingfisher; didn't bail them out: Ajit Singh
Oct 6, 2012
Kingfisher crisis: Unpaid staff, safety compromised?
Oct 2, 2012
Kingfisher Airlines in talks with foreign carriers: Vijay Mallya
Sep 26, 2012
Lenders Cut Reserve Prices Of KFA Properties For March 6 Auction
Press Trust of India | Friday February 17, 2017
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.
Press Trust of India | Sunday January 29, 2017
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
Press Trust of India | Friday November 18, 2016
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
Press Trust of India | Monday November 7, 2016
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
Press Trust of India | Thursday October 20, 2016
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
Press Trust of India | Thursday August 25, 2016
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
Press Trust of India | Monday July 25, 2016
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.
Gave Kingfisher Airlines Loan Guarantee Under Coercion: Vijay Mallya
Press Trust of India | Wednesday May 4, 2016
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".
Kingfisher Airlines' PF Contributions to be Probed, Says Government
Press Trust of India | Sunday March 13, 2016
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.
Enforcement Directorate Quizzes Former Top Official Of Kingfisher Airlines In Loan Default Case
India News | Press Trust of India | Friday March 11, 2016
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.
Kingfisher Airlines Loan Recovery Not Possible in Near Term: United Bank
Tuesday May 26, 2015
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.
UCO Bank Identifies Kingfisher Airlines as 'Wilful Defaulter': Report
Monday October 27, 2014
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.
Working to Recover Loans From Kingfisher Airlines: Private Banks
Sunday October 26, 2014
At least two banks, the third largest private sector lender Axis Bank and the south-based Federal Bank, have said they have not classified KFA, Mallya and his senior officials as wilful defaulters.
United Bank of India Files Caveat in Supreme Court Against Kingfisher Airlines
Friday August 29, 2014
State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA) shortly after the judgement of the Calcutta High Court division bench was delivered on Thursday.
Kingfisher trademarks put up for sale by lenders
Monday April 7, 2014
The trademarks put on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10, 2017. Flying Models registered with United Breweries (airline promoter) and valid up to August 6, 2014 is also put up on sale.
Approval sought for repair of Kingfisher aircraft
Monday January 6, 2014
MAS GMR Aero Technic Ltd, a unit in GMR's Aviation SEZ at Rajiv Gandhi International Airport, has sought Commerce Ministry's permission to carry out repair works on 14 aircraft once operated by Kingfisher Airlines and make them in flying condition.
Kingfisher employees plan hunger strike over salary dues: report
Monday September 16, 2013
The employees received last salary this April for July 2012, sources said, adding a section of the city-based employees have already started a peaceful agitation. As of March, there were 2,851 employees with the carrier which has been grounded since last October.
Kingfisher Airlines revival plan rejected by aviation regulator
Faizan Mohammad Khan | Wednesday May 1, 2013
The Directorate General of Civil Aviation (DGCA) has rejected Kingfisher Airlines' (KFA) revival plan that it had submitted to the aviation regulator this month, NDTV has learned.
Revenue dept to chalk out plan to recover Rs 200 cr from Kingfisher Airlines
Tuesday November 20, 2012
The Revenue Department is working on a comprehensive plan to recover tax dues from debt-ridden Kingfisher Airlines (KFA), which owes more than Rs 200 crore to the exchequer, a top Finance Ministry official said today. "As a matter of fact both Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have quantified the am...
Kingfisher Airlines offers to pay three months' salaries
India News | Edited by Prasad Sanyal | Monday October 22, 2012
Even as aviation minister Ajit Singh told NDTV that it was "'unrealistic" to expect Kingfisher Airline to fly again, talks with between the troubled carrier's management and employees ended this evening with the management offering the employees three months' salary and giving them till October 26 to respond. "Kingfisher has taken its employees for...
Asset sale still last option for Kingfisher Airlines' lenders: source
Monday October 22, 2012
Lenders to Kingfisher Airlines, which probably stand to lose more from DGCAs suspension of the airlines license than the company itself, are concerned about todays development, but insist that sale of Kingfishers assets to recover their loans remains the last option.
GMR withdraws cheque bounce case against Mallya
Wednesday October 17, 2012
GMR Hyderabad International Airport Ltd (GHIAL) today withdrew a cheque bounce case filed against Vijay Mallya-promoted Kingfisher Airlines (KFA) in a court here after the airline agreed to pay the outstanding amount due to it.
Kingfisher not a systemic risk to the banking system: KC Chakrabarty
Monday October 8, 2012
The debt-laden Kingfisher Airlines, which owes 17 banks about Rs 7,000 crore, does not pose any systemic risk, RBI Deputy Governor K C Chakrabarty said today.
Banks to release funds to KFA on 'humanitarian grounds': SBI
Friday October 5, 2012
State Bank of India today said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months.
Banks hold emergency meet to discuss way forward for KFA
Thursday October 4, 2012
Alarmed by the never ending crisis in Kingfisher, its lenders are holding an emergency meeting here to discuss the future of their exposure to nearly-bankrupt carrier.
Kingfisher grounded: Will try to clear salaries within 'next few days', says CEO Sanjay Aggarwal
Cheat Sheet | Edited by Prasad Sanyal | Tuesday October 2, 2012
The Directorate General of Civil Aviation (DGCA), which is the regulatory body for airlines, has told top executives of Kingfisher Airlines that it will be allowed to operate only after ensuring its employees return to work. 270 of its engineers have been on strike since Sunday, triggering its latest crisis. After the meeting with the DGCA, Sanjay ...
Kingfisher Airlines lenders to meet on Wednesday, headcount falls 22%
Press Trust of India | Monday September 3, 2012
The consortium of lenders to debt-ridden Kingfisher Airlines (KFA) will meet here on Wednesday to discuss the way forward with their exposure to the Vijay Mallya-promoted carrier.
AAI refuses to allow Kingfisher lessors to take back aircraft
Sunday August 5, 2012
AAI spokesperson added that the authority is exploring several options to recover its long-pending dues.
Kingfisher employees call off Tuesday strike, subject to Mallya keeping his word
Tuesday April 3, 2012
Kingfisher Airlines' employees called off a strike scheduled for 8 p.m. Tuesday subject to Mallya meeting his commitments.
Kingfisher employees call off strike: Top developments
Tuesday April 3, 2012
Kingfisher employees have agreed to withdraw the Tuesday 8 p.m. deadline for a strike.
Govt not soft on Kingfisher; didn't bail them out: Ajit Singh
Oct 6, 2012
Kingfisher crisis: Unpaid staff, safety compromised?
Oct 2, 2012
Kingfisher Airlines in talks with foreign carriers: Vijay Mallya
Sep 26, 2012
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