Kingfisher moves HC against bank notice

August 26, 2014 03:22 pm | Updated November 17, 2021 12:47 am IST - New Delhi

Vijay Mallya

Vijay Mallya

Kingfisher Airlines on Tuesday moved the Delhi High Court against Punjab National Bank’s notice alleging the carrier has wilfully defaulted in payment of outstanding dues of over Rs 770 crore.

The bank has also said in the August 21, 2014, notice that if no reply is received within seven days then the airline and its guarantors, United Breweries (Holdings) Ltd (UBHL) and Vijay Mallya would be declared “wilful defaulters”.

The matter was mentioned by the airline through senior advocate Rajiv Nayyar before a bench of Justices Badar Durrez Ahmed and Siddharth Mridul, which listed it for hearing on Wednesday.

The petition has also made the Ministry of Finance and the bank as parties in the case.

The airline has contended that the bank had denied legal representation to it in the hearings held pursuant to two notices issued in 2013 and it apprehends that the same may happen in connection with the latest notice of August 21.

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