Kingfisher Accounts Frozen

• Kingfisher Airlines misses deadline for clearing dues, more accounts frozen

  There seems to be no end to turbulent times for debt-ridden Kingfisher Airlines. The service tax department has frozen some more of its bank accounts after it missed the deadline for clearing its dues.

• Kingfisher's statement on cancellation of flights

  Kingfisher Airlines cancelled 30 flights today, thus further increasing inconveniencing passengers who already faced a similar situation over the weekend. In a statement released today, the cash-strapped airline said that it was the attachment of its bank accounts by the Income Tax department that had affected its operations.

• Kingfisher bank accounts unfrozen

  The Central Board of Excise and Customs (CBEC) has agreed to 'de-freeze' Kingfisher Airline's accounts. The private carrier assured its board on Monday that all arrears would be paid by March 2012, finance ministry sources said.

• 7 Kingfisher & 6 Air India bank accounts frozen

  The service tax department has frozen the bank accounts of both Air India and Kingfisher Airlines. While the loss-making national carrier owes the department approximately Rs 100 crore, Vijay Mallya's airline owes approximately Rs 70 crore. This effectively means that while both the companies collected the service tax on the air tickets they sold f...