Kingfisher woes deepen, 7 more accounts frozen
   
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Kingfisher woes deepen, 7 more accounts frozen

Last Updated: Saturday, March 3, 2012, 13:28
 
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Kingfisher woes deepen, 7 more accounts frozen
Zeebiz Bureau


New Delhi: There seems to be no end to the Kingfisher Airlines' debt fiasco as the Service tax Department froze seven more accounts of the airline, a news channel reported on Friday.

With the fresh freezing of seven more accounts the number of frozen accounts now stands at 44.

The service tax department had already frozen 37 accounts of the beleaguered airlines.

As per the media reports, it is learnt that the airline owes Rs 60 crore of service tax.

It is learnt that the Service tax Department is also contemplating attachment of properties due to failure of paying service tax.

Today's attachment of 7 more accounts of Kingfisher Airlines' come on the back of Vijay Mallya on Monday saying that the airline has organised funds to pay the overdue salaries of the employees and is in talks with two foreign carriers.



First Published: Friday, March 2, 2012, 19:23


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