Kal

Kalanithi Maran had demanded that 180 million warrants redeemable as equity shares be transferred to him. The warrants, if converted, would have given Maran and his airline, Kal, a share of 25 percent in SpiceJet.

SBI denies laxity charges, says moved promptly against Mallya

In a statement, State Bank of India says it strongly denies media reports, which are based on hearsay and conjecture, suggesting laxity on part of banks in seeking relief against Kingfisher Airlines Limited (KAL), its promoters and holding/associated company.

I-T Dept asserts 1st claim to recover dues from Kingfisher

Kingfisher Airlines Limited had deducted tax at source from employee's salary and other payments for many years but failed to remit it to the government account following which it owes over Rs 350 crore as taxes, the Department said.