The biggest public sector lender State Bank Of India on Thursday denied any laxity on the part of the consortium of banks in seeking reliefs against the defunct Kingfisher Airlines Ltd. (KFAL), its promoters and holding-associated company. It also refuted certain media reports purportedly blaming the SBI, the leader of the consortium, for the crisis and termed these as based on “hearsay and conjecture”.
Setting the records straight, the SBI said it had moved very promptly to initiate appropriate legal steps to protect the interests of the lending banks and public monies.
It referred to media reports about the settlement between UK liquor giant Diageo and KFAL boss Vijay Mallya on February 26 and said the SBI had moved the Debts Recovery Tribunal (DRT), Bengaluru, that day itself, seeking advancement of the matter listed for hearing on March 8.
The DRT advanced the matter to February 29 as the two previous days were holidays.
11/03/16 Financial Express
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Setting the records straight, the SBI said it had moved very promptly to initiate appropriate legal steps to protect the interests of the lending banks and public monies.
It referred to media reports about the settlement between UK liquor giant Diageo and KFAL boss Vijay Mallya on February 26 and said the SBI had moved the Debts Recovery Tribunal (DRT), Bengaluru, that day itself, seeking advancement of the matter listed for hearing on March 8.
The DRT advanced the matter to February 29 as the two previous days were holidays.
11/03/16 Financial Express
