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Auditors cast doubts on Kingfisher's revival plans

Aug 15, 2013

Auditors cast doubts on Kingfisher's revival plans

The carrier's net worth as on 31 March 2013 stood at minus Rs 1,292 crore, while lenders recalled loans totalling Rs 6,203 crore in April this year. #Business #Kingfisher Airlines #CompanyWatch #DGCA #UB Holdings
Mallya's move against banks to slow down recovery from KFA

May 27, 2013

Mallya's move against banks to slow down recovery from KFA

It seems Vijay Mallya is trying too hard to delay the process of recovery from his collapsed airline Kingfisher. #ConnectTheDots #Kingfisher Airlines #SBI #Vijay Mallya #Diageo #UB Holdings
UB seeks shareholders' nod to up lending limit to KFA, stock up

Feb 19, 2013

UB seeks shareholders' nod to up lending limit to KFA, stock up

The revision was done to facilitate the conversion of loans given to Kingfisher into convertible/no-convertible securities, as required by the debt recast agreement between the airline and a consortium of its lenders. #Kingfisher Airlines #CompanyWatch #loan #UB Holdings
Lessors, banks to invoke guarantees by UB holdings

Aug 09, 2012

Lessors, banks to invoke guarantees by UB holdings

Certain aircraft lessors and bankers to ailing Kingfisher Airlines (KFA) have invoked corporate guarantees given by Vijay Mallya-led United Breweries (Holdings) and negotiations are on over the issue. #Kingfisher Airlines #TheySaidIt #Vijay Mallaya #UB Holdings

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Lessors, banks to invoke guarantees by UB holdings

Aug 19, 2014

Chelsea Legend and France World Cup Winner Marcel Desailly Faces Tax Evasion Probe

Chelsea and France legend Marcel Desailly is under investigation for tax evasion, documents filed by the government of Switzerland have revealed.  The Swiss tax administration office has been asked by France to turn over all the information it has on...