Tuesday, June 14, 2016

Kingfisher Airlines: DRT to take up five IAs for final hearing on Tuesday

The Debt Recovery Tribunal (DRT) Bengaluru will take up around five Interlocutory Applications (IAs) for final hearing on Tuesday in the SBI consortium vs Kingfisher Airlines case.

Presiding Officer CR Benakanahalli, who had urged both the parties to prioritise 27 Interlocutory Applications (IAs) to be, heard which have been filed before the DRT Bengaluru.

Based on his request, the senior counsel appearing for SBI consortium said after going through the list of IAs, “At least two IAs needs immediate attention for it has direct bearing on the original applications (OA).”

“The other IAs are procedural in nature could be heard in short time. Also other IAs are in different high courts, Supreme Court and DRAT across India,” he added.
13/06/16 Business Line
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