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News
Kingfisher Airlines debt
Kingfisher Airlines debt News
Kingfisher Airlines
25 Jul 2016
Not liable to repay Rs 6,000 crore debt due to breach of terms: Kingfisher Airlines
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, Monday said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.
Vijay Mallya
03 Apr 2016
ED gathers pace on money laundering probe against Vijay Mallya; seeks details on overseas assets
As the money laundering probe against embattled liquor baron Vijay Mallya gathers pace, the Enforcement Directorate (ED) is preparing to issue Letters Rogatories (LRs) to a certain countries, including South Africa and the UK, for obtaining information on his overseas assets.
Kingfisher Airlines
23 Jun 2015
UBI ''serious'' to recover money from Kingfisher Airlines
In the recent AGM of the Kolkata headquartered bank, managing director and CEO P. Srinivas said: "We are fighting a legal battle against them (Kingfisher Airlines) beyond the consortium and we have already declared their corporate guarantor as willful defaulter."
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