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SBI tags Mallya, his 2 firms as wilful defaulters

Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines After a protracted legal battle, State Bank of India (SBI) has declared industrialist Vijay Mallya a 'wilful......

SBI-led consortium to auction assets of Kingfisher Airlines

Cars, towing machines, forklifts, tractors, fire extinguishers, and iron ladders will be e-auctioned The 17 lenders to the grounded Kingfisher Airlines, led by State Bank of India, decided, on......

Kingfisher asked to pay dues of Rs 52.61 lakh to pilot

Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot towards her outstanding salary and other dues from August 2012 to April 2014. Justice Jayant Nath......

AAI moves court against Kingfisher Airlines to recover Rs 294-crore dues

Vijay Mallya, the airline’s chairman and UB group head, and senior company executives have been named as defendants in the suit and they have been asked to respond to the airport......

Grounded Kingfisher Airlines to pay Rs 12.9 lakh to ex-pilot

The court rejected the claim of the cash-strapped airline that any monthly pay to the pilot was contingent on completion of 70 flying hours. A Delhi court has directed the grounded Kingfisher......
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Recovery of bad debt worries banks

NEW DELHI: Almost 15 years ago, Daewoo filed for bankruptcy and a few years later General Motors took over its auto business. More than a decade... ...
Yes Bank invokes United Breweries shares worth Rs778 crore

Yes bank has invoked the stake to secure loans given to group companies The airline had taken Rs6,900 crore from a consortium of 17-lenders in... ...
Yes Bank sells Mallya's pledged shares in UB

Yes Bank Ltd has sold 3.02% of pledged shares of Vijay Mallya in United Breweries Ltd that is valued at Rs 770 crore as banks tighten their hold on... ...
Airline stocks soar as lower oil prices bring down fares

MUMBAI: Stocks of aviation companies are having a dream run on the bourses with lower fuel prices providing the perfect takeoff for the beleaguered... ...
System at fault, not staff

This refers to Banks have no time for customer services by B Yerram Raju (November 25). The Indian banking system is dominated by PSBs, accounting... ...

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