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    • Not liable to repay Rs 6K cr debt due to breach of terms :KFA

      The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm's business.

    • 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.

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