New Delhi: Industrialist Vijay Mallya and his UB group's holding company have failed to get commissions worth about Rs 225 crore for providing guarantees to the lenders of Kingfisher Airlines, as its lenders asked the carrier not to make any such payments.
These commissions pertain to the aggregate payments for a period from January 1, 2011 to March 31, 2013 and include an amount of little over Rs 100 crore for the last fiscal 2012-13, the grounded airline has said.
The disclosure has been made by the grounded airline itself as part of the 'notes to the accounts' of the company's fourth quarter financial results for the period ended March 31, 2013.
02/06/13 PTI/Indian Express
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These commissions pertain to the aggregate payments for a period from January 1, 2011 to March 31, 2013 and include an amount of little over Rs 100 crore for the last fiscal 2012-13, the grounded airline has said.
The disclosure has been made by the grounded airline itself as part of the 'notes to the accounts' of the company's fourth quarter financial results for the period ended March 31, 2013.
02/06/13 PTI/Indian Express
