Banks had relied on Grant Thornton’s high valuation of the Kingfisher Airlines brand and associated trademarks while funding Kingfisher. The defunct Kingfisher Airlines, which owes......
Lenders have initiated the process of selling Kingfisher Airlines (KFA) brand to recover their dues. The brand name was pledged to 14 lenders, including State Bank of India (SBI), under a debt......
Had it been the United States, Kingfisher Airlines would have closed down. The airlines shareholders have not got any value for their money. Now we have a strange spectacle where those holding......
On Wednesday, IDBI Trusteeship invoked and transferred pledged equity shares worth 7.31 per cent in Kingfisher Airlines to the depository account of lenders. As a result, UB Group chief......
SFIO is looking into the role of Grant Thornton LLP which had valued the brand. Image: Burdened under huge losses and liabilities, including to the lenders, the airline finally had to be grounded......
Throughout its 155 minutes, every scene is doused in blaring background music and melodrama.Disappointment alone won't do, it must feel like a full blown catastrophe, observes Sukanya Verma.......