New Delhi: Grounded carrier Kingfisher Airlines Ltd said on Monday it will appeal against a court order accepting a winding-up petition by a UK-based creditor.
Kingfisher, which has not flown in more than a year for want of cash, said it would appeal against the Karnataka High Court's order admitting the petition by Aerotron Ltd.
Kingfisher said Aerotron was an unsecured creditor. A Kingfisher spokesman declined to comment further.
Kingfisher, controlled by liquor baron Vijay Mallya, owes more than $1 billion to state-run lenders, and hundreds of millions of dollars more to airports and the tax office among others.
03/02/14 Reuters/Business Standard
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Kingfisher, which has not flown in more than a year for want of cash, said it would appeal against the Karnataka High Court's order admitting the petition by Aerotron Ltd.
Kingfisher said Aerotron was an unsecured creditor. A Kingfisher spokesman declined to comment further.
Kingfisher, controlled by liquor baron Vijay Mallya, owes more than $1 billion to state-run lenders, and hundreds of millions of dollars more to airports and the tax office among others.
03/02/14 Reuters/Business Standard
