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Kingfisher Airlines

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UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

Jun 23, 2015

UPA left the banking system toxic, and Jaitley's moving too slowly to fix it

The UPA's worst legacy was to leave behind a limping banking system that will be unable to finance growth. Jaitley is moving too slow to fix what's broken. #Economy #Pranab Mukherjee #P. Chidambaram #Kingfisher Airlines #InMyOpinion #Arun Jaitley #Vijay Mallya #PSU banks #bad loans #recapitalisation #Jan Dhan Yojana #Toxic Banks #TARP
Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

Jun 09, 2015

Bankruptcy code: Jaitley should speed up, as Rajan is moving faster than him

The finance minister promised a bankruptcy code this year. Arun Jaitley should get this done quickly as the action against loan defaults and corporate failure is moving faster on the RBI side than on the legislative side. #Crony capitalism #RBI #Duvvuri Subbarao #ConnectTheDots #Kingfisher Airlines #Arun Jaitley #Vijay Mallya #Raghuram Rajan #Corporate Debt Restructuring #wilful defaulters #bankruptcy code #Sick Industrial Companies Act #Strategic Debt Restructuring
Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

May 26, 2015

Kingfisher default: It's not banks but tax-payers who should feel hopeless as Mallya has last laugh

More than being an individual case, banks' approach to Kingfisher and its disgraced King should set a strong example for other wily promoters #Kingfisher Airlines #SBI #Vijay Mallya #NPA #public sector banks #wilful defaulter #Unted Bank of India
Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Apr 27, 2015

Kingfisher debacle to United Spirits row: Charting out the great fall of Vijay Mallya

Over the last few years, Mallya has been battling the banks which have been going after his assets, for all the debt that is unpaid. To conclude, Mallya has always been too busy living his flamboyant lifestyle and that seems to have caught up with his businesses in the end. #Kingfisher Airlines #Vijay Mallya #UB Group #United Spirits
Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Apr 26, 2015

Won't step down: Vijay Mallya remains defiant even as Diageo moves to sack him from USL board

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits' new owner Diageo has asked Vijay Mallya to step down as Chairman and Director of the Indian liquor firm, a demand he outrightly rejected. #Kingfisher Airlines #Vijay Mallya #Kingfisher #Diageo #UB Group #United Spirits #Board
Mallya's once prized private jet now being torn apart and sold as scrap

Apr 15, 2015

Mallya's once prized private jet now being torn apart and sold as scrap

Mumbai firm Silent Enterprises had announced a work order on 1 April and the process of dismantling started on 6 April. #Business #NewsTracker #Kingfisher Airlines #Vijay Mallya #Mumbai International Airport #Silent Enterprises
SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

Apr 07, 2015

SC rejects Kingfisher's plea challenging Rs 372 Cr TDS demand

The IT department had initiated proceedings against airlines in 2011 alleging that the carrier failed to remit the TDS from employees' salaries and other payments with the government. #NewsTracker #Supreme Court #Kingfisher Airlines #Karnataka High Court #Tax Deducted at Source #Justice Ranjan Gogoi #Justice NV Ramana