Bangalore: A winding-up petition has been admitted in the Karnataka High Court against Vijay Mallya’s grounded carrier Kingfisher Airlines Limited. Justice Ananda Byrareddy admitted the petition filed by a consortium of banks led by State Bank of India ... IndiaTV News, 2 months ago
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 recast agreement in which loans valuing Rs 6,500 crore were restructured and converted into equity. SBICAP Trustee Company Limited, a subsidiary of SBI Capital Markets, has invited expressions of interest (EOI) from organisations, which wish to acquire trademarks related to Kingfisher ...Rediff.com, 1 week ago
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