Delhi Airport files cheque bouncing case against Kingfisher

Mumbai: Kingfisher Airlines Ltd’s problems are set to worsen. Delhi International Airport Ltd (DIAL) has filed a cheque bouncing case against the cash-strapped airline and its top management after three cheques, with a total value of Rs 3 crore, bounced.
Kingfisher posted a loss of Rs 1,140 crore in the March quarter and its revenue also dipped on capacity reduction. The airline has not paid salaries to its staff for four months and the employees are preparing for an agitation. Kingfisher Chairman Vijay Mallya had promised to clear a substantial portion of the February salaries last month, but it hasn’t happened yet.
“The complaint was filed under section 138 of the Negotiable Instruments Act earlier this week against Kingfisher Airlines for three dishonoured cheques in the chief metropolitan magistrate's court in Delhi. After hearing the submissions, the court has issued summons against Kingfisher chief executive officer, chief financial officer and two executives who had signed cheques on behalf of the company,” a source said.
09/06/12 Business Standard

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Categories: airports Jun 2012, Kingfisher Jun 2012