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Mallya owned Kingfisher Airlines to appeal winding up order
Mallya owned Kingfisher Airlines to appeal winding up order 3 February, 2014 Vijay Mallya Grounded carrier Kingfisher Airlines Ltd, controlled by Force India F1 team owner Vijay Mallya, announced on Monday it will appeal against a court order accepting a winding-up petition by a UK based creditor.
Kingfisher, which has not flown in more than a year for want of cash, said it would appeal against the Karnataka High Court's order admitting the petition by Aerotron Ltd. Kingfisher said Aerotron was an unsecured creditor.
Kingfisher owes more than $1 billion to Indian state-run lenders, and hundreds of millions of dollars to airports and the Indian tax office among others.
India does not have...
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11y ago from GrandPrix247.com
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