Bangalore: Debt-ridden Kingfisher Airlines' beleaguered chairman Vijay Mallya is battling against aircraft lessors and financiers who moved the Karnataka High Court for winding up the company for defaulting on loans by his holding company - United Breweries Holdings Ltd.
"As the cases are in the high court and the matter is under sub judice, I will not be able to comment. Though five winding up petitions are before the company court, we are in talks with two of them for out of court settlements," Mallya told reporters on the margins of the company's 97th annual general meeting (AGM) here.
Asserting that the Rs.250 crore the holding company had deposited in the court would take care of the winding up petitions, Mallya said serious claims were only from three of the five petitioners.
"We are not in favour of winding-up as we are continuing our efforts to review the airline," Mallya said.
Read News In Full 12/09/13 IANS/Business Standard
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