Page 3 - Kingfisher Airlines

Auction fails as no bidder turns up for Kingfisher brand

The reserve price for the trademarks was Rs 366.70 crore, less than one-tenth of the price at which it was pledged as collateral

Lenders put Kingfisher brands on the block to recover dues

The trademarks/brands on the block include Fly Kingfisher, Flying Models, Funliner, Fly the Good Times, Kingfisher and Flying Bird Device

Taxing times for Kingfisher Airlines staff continue

I-T department raises tax demand on them for unpaid tax deducted at source

Fresh evaluations peg Kingfisher Airlines brand value at less than Rs 100 cr

Ahmedabad-based RBSA Advisors had done valuation exercises in 2013 and 2015 after Grant Thronton had valued the brand at Rs 4,100 cr in 2011-12

CBI quizzes top KFA, UB Group officials

CBI questioned two top former officials of the Kingfisher Airlines and UB Group for the second day today in connection with the loan default case against the now defunct airlines promoted by Vijay Mallya. A Raghunathan, Chief Financial Officer of the erstwhile Kingfisher Airlines, and Ravi Nedungadi, former CFO of the UB Group, were summoned to the CBI's Mumbai office again and questioned about alleged diversion of funds, official sources said. While Raghunathan is a named accused in the CBI's case registered in October last year, Nedungadi had resigned recently from the post of CFO of the UB group. The duo was also called yesterday and the marathon questioning lasted till midnight, sources said. CBI had registered a case against the then UB Group Chairman Vijay Mallya, Kingfisher Airlines, Raghunathan, and unknown officials of IDBI Bank alleging that a Rs 900 crore loan was sanctioned by the IDBI to the airliner in violation of norms regarding credit limits. The case was ...

Kingfisher Airlines owes about Rs 295 crore to AAI

Total dues worth Rs 710.14 crore are owed by private airlines to the AAI

Kingfisher Airlines' PF contributions to be probed: Labour Ministry

An open letter written by women employees of KFA alleged that the company did not pay salaries

Loan default case: ED quizzes former CFO of Kingfisher Airlines

A Raghunathan appeared before ED for questioning in the alleged default case of over Rs 900 crore loan from IDBI bank

Lenders prompt in steps to recover dues from Kingfisher: SBI

A consortium of banks which lent to Kingfisher are currently involved in more than 20 cases in various courts, including the Debt Recovery Tribunal (DRT), from June 2013

CBI yet to send help letters in Kingfisher Airlines case

CBI suspects a 'major chunk' of loans taken from the IDBI Bank, transferred to Axis Bank, was used for foreign remittances towards lease rentals and purchase of parts of the aircraft

Ex-Kingfisher Airlines employees want Mallya to be prosecuted, seek PM's intervention to clear dues

Mallya owes nearly Rs 7,200 cr to banks over loans taken to run the airlines