Kolkata: The grounded Kingfisher Airlines today moved the Calcutta High
Court challenging a communication by the United Bank of India that asked
its chairman Vijay Mallya and other board members to meet the bank
officials for alleged wilful default on payment of dues to the tune of
nearly Rs 400 crore.
The counsels for Kingfisher Airlines submitted before Justice Dipankar Dutta that they have prayed for withdrawal of the notice for wilful default by UBI and that they be allowed a personal hearing along with legal representative on the issue.
They claimed that the bank authorities have refused to allow any legal representative to accompany Mallya or his board members for the meeting, which was scheduled to be held at the UBI headquarters here today.
They submitted that the bank cited the Master Circular of Reserve Bank of India ( RBI) which has not kept any provision for such representation.
Read news in full 09/07/14 PTI/Economic Times
The counsels for Kingfisher Airlines submitted before Justice Dipankar Dutta that they have prayed for withdrawal of the notice for wilful default by UBI and that they be allowed a personal hearing along with legal representative on the issue.
They claimed that the bank authorities have refused to allow any legal representative to accompany Mallya or his board members for the meeting, which was scheduled to be held at the UBI headquarters here today.
They submitted that the bank cited the Master Circular of Reserve Bank of India ( RBI) which has not kept any provision for such representation.
Read news in full 09/07/14 PTI/Economic Times
No comments:
Post a Comment