Union Bank of India files caveat in SC against Kingfisher Airlines

UBI had identified Vijay Mallya as a wilfuldefaulter and asked him to appear before the bank's panel tohear him out before declaring him as a wilful defaulter.

hidden August 29, 2014 16:34:34 IST
Union Bank of India files caveat in SC against Kingfisher Airlines

Kolkata: State-owned United Bank of India(UBI) has filed a caveat in the Supreme Court againstKingfisher Airlines (KFA) shortly after Calcutta High Courtdivision bench's judgement was delivered yesterday.

"We filed the caveat against KFA in SC shortly afterCalcutta HC delivered the judgement yesterday", executivedirector of UBI D Narang told PTI today.

The division bench of the High Court dismissed a KFAappeal against UBI and upheld decision of single judge of not allowing the company to be represented by a lawyer.

The order said that either KFA chairman Vijay Mallyacould appear or send a company representative for the hearing in front of the bank's grievance redressal panel.

Earlier, UBI had identified Vijay Mallya as a wilfuldefaulter and asked him to appear before the bank's panel tohear him out before declaring him as a wilful defaulter.

Mallya later moved the court seeking exemption of hisappearance before the panel.

KFA, now grounded, had taken a loan worth of Rs 350 crorefrom the bank.

Several other banks like SBI and PNB were also on thetrail of declaring Mallya a wilful defaulter.

PTI

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Reporter has fundamental right to publish news that may not be palatable to administration: Calcutta HC
India

Reporter has fundamental right to publish news that may not be palatable to administration: Calcutta HC

The Calcutta High Court made the observation while allowing an anticipatory bail plea moved by an ETV reporter whose story on bribery among police officials earned him an FIR.

Delhi HC reserves order on DU OBE as university claims it's the best way to conduct exam
India

Delhi HC reserves order on DU OBE as university claims it's the best way to conduct exam

The court took the decision after the Delhi University's counsel provided several clarifications that were requested of them during a previous hearing.

Bombay HC quashes Maharashtra govt orders restricting film, TV professionals above 65 to be on sets
Entertainment

Bombay HC quashes Maharashtra govt orders restricting film, TV professionals above 65 to be on sets

The Maharashtra government had barred film, TV artistes and crew members above 65 years of age, from going to work to studios or outdoor sets during the COVID-19-induced lockdown