New Delhi: Kingfisher Airlines today moved the Delhi High Court against
Punjab National Bank's notice alleging the carrier has wilfully
defaulted in payment of outstanding dues of over Rs 770 crore.
The PSU bank has also said in the August 21, 2014 notice that if no reply is received within seven days then the airline and its guarantors, United Breweries (Holdings) Ltd (UBHL) and Vijay Mallya would be declared "wilful defaulters".
The matter was mentioned by the airline through senior advocate Rajiv Nayyar before a bench of justices Badar Durrez Ahmed and Siddharth Mridul which listed it for hearing tomorrow.
Kingfisher has sought directions to the bank to rescind the notices and also restrain it from taking any action against the airline pursuant to the same.
The petition has also made the Ministry of Finance and the bank as parties in the case.
Central government Standing Counsel Anil Soni and advocate Naginder Benipal will appear for the ministry.
Read news in full26/08/14 PTI/Business Standard
The PSU bank has also said in the August 21, 2014 notice that if no reply is received within seven days then the airline and its guarantors, United Breweries (Holdings) Ltd (UBHL) and Vijay Mallya would be declared "wilful defaulters".
The matter was mentioned by the airline through senior advocate Rajiv Nayyar before a bench of justices Badar Durrez Ahmed and Siddharth Mridul which listed it for hearing tomorrow.
Kingfisher has sought directions to the bank to rescind the notices and also restrain it from taking any action against the airline pursuant to the same.
The petition has also made the Ministry of Finance and the bank as parties in the case.
Central government Standing Counsel Anil Soni and advocate Naginder Benipal will appear for the ministry.
Read news in full26/08/14 PTI/Business Standard
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