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I-T freezes KFA accounts over part payment of dues

The I-T department on Tuesday reportedly froze the bank accounts of Kingfisher Airlines, allegedly over part payment of dues. http_//ibnlive.com/livetv.

Lenders to start recovery of Kingfisher Airlines' loans

Feb 13, 2013    

REUTERS - Lenders to grounded Kingfisher Airlines(KING.NS) have decided to take initial steps towards recovering $1.4 billion of loans in default after the company failed to come up with a viable funding plan."How long can we wait?" said Shyamal Acharya, deputy managing director at State Bank of India, after a meeting of lenders late on Tuesday. The bank is the leader of the 17-bank ...

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