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HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Apr 28, 2015

HC directs Kingfisher Airlines to pay dues of Rs 52.61 lakh to pilot

Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot towards her outstanding salary and other dues from August 2012 to April 2014. #Business #India #NewsTracker #Aviation #Kingfisher #Deccan Airlines
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
Banks should quickly sell off businesses they got via debt conversion. Here's why

Apr 07, 2015

Banks should quickly sell off businesses they got via debt conversion. Here's why

Banks may do well to cherry pick the assets gotten on conversion and sell those assets separately to various buyers #Banks #SBI #Kingfisher #NPAs #debt conversion
Another blow to Mallya? Royal Challenge dumps RCB, USL withdraws support to IPL cheerleaders

Apr 07, 2015

Another blow to Mallya? Royal Challenge dumps RCB, USL withdraws support to IPL cheerleaders

UK-based liquor major Diego has withdrawn its support to IPL team Royal Challengers Bangalore #IPL #India #Bangalore #Vijay Mallya #Kingfisher #RCB #Liquor #Royal Challenge
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