Saturday, February 08, 2014

Now, Bangalore court summons Vijay Mallya

Bangalore: Vijay Mallya, chairman of Kingfisher Airlines, may have to make more than one trip to a court in February. In addition to the Delhi High Court’s summons to Mallya this month, a special court for economic offences has summoned him over dues from Kingfisher to the income-tax department.
A  spokesperson of United Breweries (UB) Group said the company will follow the law.
Mallya had been summoned to the Karnataka High Court in September in connection with winding-up petitions for Rs 600 crore against UB Holdings, one of the promoters of Kingfisher. However, Mallya skipped the appearance. In October, he was summoned to the Delhi high court with UB Holdings former managing director (MD) Harish Bhat to appear in a similar matter concerning French-Italian aircraft manufacturer ATR.
This month, Mallya is set to attend a hearing in the Delhi high court after being summoned over a bounced cheque of Rs 1 crore from Kingfisher drawn in favour of the Delhi International Airport Ltd (DIAL), which runs Delhi’s Indira Gandhi International Airport.
08/02/14 Business Standard
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