UB Group Chairman Vijay Mallya said UB Holdings intends to pay Kingfisher Airlines, employees a month’s salary, but the plan might be difficult to execute. Creditors fighting hard for dues of about Rs 600 crore (Rs 6 billion) from UB Holdings have objected to the plan. A bench of the Karnataka high court comprising judges D Bhosle and L Manoharan adjourned the hearing of the case to Monday. UB Holdings’ plan has failed to impress Kingfisher Airlines employees, too. While they ... Rediff.com, 2 months ago
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