Sources said a few other lenders were also contemplating a move to declare both Kingfisher Airlines and UBHL wilful defaulters.
Vijay Mallya has been burdened for the past three years with debt at United Spirits spiralling and Kingfisher Airlines, well, on a downward spiral.
Here's the full text of the statement
Kingfisher was the first Indian airline to place orders for five A-380 in June 2005 with Airbus.
Kingfisher Airlines launched on Friday daily services between Mumbai and Srinagar and Delhi and Srinagar.
Liquor baron Vijay Mallya, who acquired 26 per cent stake in the country's largest budget carrier, Air Deccan, for Rs 550 crore (Rs 5.5 billion) on May 31, is still in high spirits.
Although industry analysts are welcoming Kingfisher Airlines' stake acquisition in Air Deccan as the right move towards consolidation
This fully double-decker aircraft, which landed at 10.50 am, has a passenger capacity of 850 seats in all economy configurations, but in three classes it has the capacity to carry about 550 passengers.
Kingfisher Airlines will carry within the country passengers of Delta Airlines of the United States
Needless to say, Kingfisher is planning to deploy all foreign cabin crew on its US flights.
The Supreme Court is likely to pronounce on Monday the quantum of sentence against fugitive businessman Vijay Mallya, an accused in the bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case where he has been found guilty. A bench comprising Chief Justice Uday Umesh Lalit and Justice S Ravindra Bhat on March 10 had reserved its order on the punishment in the contempt case against Mallya, saying the proceedings against him have hit a "dead wall". The top court had heard senior advocate and amicus curiae Jaideep Gupta on various aspects related to the contempt law and the punishment, and had granted one last opportunity to lawyer Ankur Saigal, counsel for Mallya, to file his written submissions on the sentencing aspect.
A beleaguered Vijay Mallya may have walked free on bail within hours of his arrest but the event, which he nonchalantly dismissed as "usual Indian media hype", had rival parties claiming credit for it and engaging in recrimination.
The company said it will appoint a new Chairman at the next Board meeting.
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.
UB Group chairman Vijay Mallya and Airbus chief operating officer John Leahy signed an MoU to this effect at the 47th International Paris Air show on Wednesday.
The Competition Commission of India (CCI) on Tuesday said that the proposed additional stake buy in United Breweries (UB) by Dutch major Heineken does not raise any competition concerns, effectively clearing the deal. In its order, the CCI said, "It is submitted that the proposed transaction does not give rise to competition concerns regardless of delineation of the relevant market for the purpose of this filing." UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev.
Kingfisher Airlines is recruiting Cabin Crew (female).
Indian companies stole the show at the annual Pacific Area Writers Travel Association Awards at the ITB Berlin tourism fair in Berlin on Friday, with hospitality majors, ITC hotels, The Taj Group of Hotels and Kingfisher Airlines winning major honour
Mallya now has 14 days from February 4 to apply for leave to appeal to the UK high court.
Kingfisher Airlines on Tuesday said it had entered into a tie-up with electronic global distribution services provider Galileo International for providing access to the latter's travel agent network.
The next phase is when factors such as prison conditions in India are likely to take centre-stage.
Frequent travellers flying Kingfisher Airlines can now avail a special scheme under which the airliner will offer free tickets to persons taking five one way trips.
Creditors are fighting to get back Rs 600 crore, KFA employees not paid for months.
The HC also offered a ray of hope to the hundreds of employees of UB-Group owned now-grounded Kingfisher Airlines, who have not been paid monthly salaries for over a year now.
The firm has advised United Spirits Ltd's shareholders to vote against the proposal to re-appoint Mallya as director on the board.
Kingfisher Airlines has launched two fixed-price schemes, the King Saver Personal and the King Saver Corporate.
Kingfisher Airlines Ltd has been directed by the Delhi High Court to pay Rs 52.61 lakh to a pilot.
The court noted that despite repeated orders, Mallya did not appear in the court and it was inevitable for the state machinery to intervene and ensure his presence.
Usha Ananthasubramanian said the bank will leave no stone unturned to recover unpaid loans.
Ernst and Young, advisers to Air Sahara, had valued Air Sahara at between $750 million and $1 billion.
RBI rule, applicable prospectively, also for non-group guarantors.
In the 25-page defence evidence affidavit, which was served to the UK Crown Prosecution Service, Mallya is learnt to have alleged that his was a case of "political vendetta" and "loss-making business".
