Mumbai International Airport takes Kingfisher to court over bounced cheques

mhsabir

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Mumbai International Airport takes Kingfisher to court over bounced cheques - Business News - IBNLive

Mumbai International Airport on Monday took the Kingfisher Airlines to court over the bounced cheque issue. A notice was filed under section 138 of Negotial Instruments Act in a criminal court in Andheri.

The court has issued summons to the Kingfisher Airlines' top management over dishonour of the cheques worth Rs 15 crore to the MIAL.

This was the second instance of the bounced cheques. THe KFA previously failed to honour cheques worth Rs 24 crore.
 

sa_kiran

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How about paying off with crates and crates of beer :drink: Anyway, lots of crates will be unsold during this time because of Shravan :crazy1:
 
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Kingfisher crisis fallout: Wife of airlines' engineer commits suicide - The Times of India

A 45-year-old wife of a Kingfisher engineer committed suicide at her residence in southwest Delhi on Thursday afternoon. The deceased was identified as Sushmita Chakroborty. Her husband, Manas Chakroborty works as an engineer with the airlines, police said. They lived in DDA flats in Manglapuri colony in Palam area.

Police said they had recovered a suicide note wherein the deceased wrote that her husband was not receiving his salary from the last six months and that they were in acute financial crisis. She has further written that her husband and son were very caring and that she loved them.
 

mhsabir

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After Mumbai Int. Airport, its turn of Hyderabad

Cheques bounce case: Warrant against Kingfisher, Vijay Mallya on GMR's complaint - Business News - IBNLive

A court in Hyderabad on Friday issued a non-bailable warrant against Kingfisher Airlines and its Chairman Vijay Mallya in a case of cheques bouncing filed by GMR Hyderabad International Airport Ltd (GHIAL). The case pertains to bouncing of cheques worth more than Rs 10 crore issued by Kingfisher Airlines to GMR as Hyderabad airport charges.

GMR, which manages the Rajiv Gandhi International Airport in Hyderabad, moved the court after the cheques bounced. The case was filed against Vijay Mallya-owned Kingfisher Airlines in Nampally criminal courts in Hyderabad for dishonouring cheques worth Rs 10.5 crore. Kingfisher reportedly issued four cheques for Rs 10.3 crore towards airport charges (parking, landing and navigation). But all the cheques bounced and GMR filed a case against Kingfisher and Mallya.
 

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Its strange that in any news I always here about "non-bailable warrant" and then within a day or two I hear bail granted to so and so. How come?And in India only rich people have such a freedom. Even after such huge amount he is going to get away eventually. And stake holders money will go in drain.
 


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Mallya seems to be the Rohit Sharma of such situations it looks like, however bad the situation is, he still gets a chance.