Lenders to start recovery of Kingfisher Airlines' loans
Kingfisher lenders, on Tuesday,decided to start the process of recovering Rs. 7500 crore outstanding loans from the grounded airline, saying the company has...
Lenders to start recovery of Kingfisher Airlines' loans
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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