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Kingfisher Airlines

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Kingfisher a lost battle but no action against Mallya will send wrong signal to other defaulters

Mar 26, 2015

Kingfisher a lost battle but no action against Mallya will send wrong signal to other defaulters

Using the powerful weapon of wilful defaulter tag against Mallya can and should send a strong signal to other defaulters. As of now, the emerging signals from the state-run banks are that of laxity and fear. Clearly something is amiss. #Kingfisher Airlines #SBI #Vijay Mallya #United Spirits #UBI #wilful defaulter
Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Mar 25, 2015

Kingfisher redux? Sahara employee commits suicide after not getting pay for 4 months

Saharas long-drawn dispute with regulator Sebi over investor repayments has begun to take its toll on the groups employees as a deputy manager with Sahara India Co-operative Society who did not get his salary for four months committed suicide by jumping from the eighth floor of his office building on Tuesday. #Sahara Group #Kingfisher Airlines #Tihar jail #Subrata Roy
No immediate plan to divest stake in Air India: minister

Mar 05, 2015

No immediate plan to divest stake in Air India: minister

The carrier is surviving on bailout package under a revival plan, which entails an equity infusion of Rs 30,000 crore in a staggered manner in it till 2021-22. #Disinvestment #UPA #air india #finance ministry #Kingfisher Airlines #TheySaidIt #Arun Jaitley #SpiceJet #GoAir #IndiGo #Ministry of Civil Aviation #Mahesh Sharma
After a year, Kingfisher Airlines board accepts CEO Sanjay Aggarwal's resignation

Feb 19, 2015

After a year, Kingfisher Airlines board accepts CEO Sanjay Aggarwal's resignation

Kingfisher Airlines on Thursday said its board has accepted the resignation of Sanjay Aggarwal, who had put in his papers as chief executive officer nearly a year ago. #Business #India #NewsTracker #Aviation #Kingfisher Airlines #BSE #Magunta Srinivasulu Reddy
Exclusive: SBI set to take possession of Mallyas Kingfisher House in Mumbai

Feb 18, 2015

Exclusive: SBI set to take possession of Mallyas Kingfisher House in Mumbai

Even if SBI manages to take possession of the property and sell it, that will help the lender to recover only a fraction of the total repayment obligations #Kingfisher Airlines #SBI #Vijay Mallya #public sector banks #Kingfisher House #wilful defaulter #Bank NPAs
Watch out Vijay Mallya: SBI is readying to tag you wilful defaulter soon

Jan 12, 2015

Watch out Vijay Mallya: SBI is readying to tag you wilful defaulter soon

SBI is currently in the process of reconstituting the grievance committee authorised to classify an account as wilful defaulter #Kingfisher Airlines #SBI #Vijay Mallya #NPAs #United Bank of India #bad loans #wilful defaulter #gross non-performing assets
Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Jan 07, 2015

Consortium of 17 banks files contempt application in HC against Mallya, Kingfisher Airlines

Taking cognisance of the complaint, Justice Patil ordered notice to Mallya and two other companies in contention and posted the matter for another day. #NewsTracker #Kingfisher Airlines #Vijay Mallya #United Breweries #Debt Recovery Tribunal
Noose tightens: RBI gets a helping hand from Sebi in pinning down wilful defaulters

Jan 06, 2015

Noose tightens: RBI gets a helping hand from Sebi in pinning down wilful defaulters

The new Sebi rules tell the guilty promoter not to dream of fresh money from the capital market risking new investors. #RBI #SEBI #Kingfisher Airlines #Vijay Mallya #Calcutta High Court #public sector banks #NPAs #bad loans #wilful defaulter