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Lenders Of Kingfisher Airlines

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Loan default case: CBI registers fresh case against Mallya

 The Central Bureau of Investigation has registered a fresh case against beleaguered liquor baron Vijay Mallya for allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore......

Liquidation of Jet Airways only option, lenders tell SC

 Lenders of bankrupt airline Jet Airways, led by the State Bank of India (SBI), on Thursday told the Supreme Court that successful bidder Jalan Kalrock Consortium (JKC) was “unwilling”......

The take-off and crash-landing of Jet's Naresh Goyal

 In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. Illustration: Dominic Xavier/Rediff.com The pilot......

Who Will Admit To Committing Fraud?

 Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money.Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.......

Ten years on, ex-Kingfisher Airline employees wait for their dues

 Ten years after Kingfisher Airlines was grounded, its former employees continue to wait for their dues. Photograph: PTI Photo On Monday, the Supreme Court awarded a four-month sentence to the......

Mallya's $40-million transfer to family members resulted in $25 fine

 The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. Photograph: Simon Dawson/Reuters In addition, the former......

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