@pune_swengineer Why strange movement? Wasn`t it expected? I mean , it`s UBHL that`s going to be wound up/ liquidated, to repay the dues of the creditors. It was, UBHL that had given corporate guarantees for loans to run Kingfisher Airlines. My knowledge here may not be accurate, but this is what
9.39 PM Feb 16th
thing not only for the airline but for the sector itself. When we started the process of turning around the airline in 2015, we didn t want to see a repeat of Kingfisher Airlines. We wanted to pay everyone whom we owed money. So, we decided to resolve these issues head on. We told them that here
11.20 PM Feb 13th
In a major jolt to liquor baron Vijay Mallya, the Karnataka High Court today ordered the winding up of United Breweries (Holdings) Ltd (UBHL), the parent company of UB Group, for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines Limited.
10.12 AM Feb 8th
In a fresh twist in the tale that is set to question the integrity of the Reserve Bank of India (RBI), it has been found that top RBI officials allowed certain banks to lend to Vijay Mallya`s Kingfisher Airlines (KFA) violating its own asset classifications guidelines. According to RBI`s assets
4.01 PM Feb 7th
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