DEBT RECOVERY

  • No debt recovery process against us: KFA July 5, 2012

    New Delhi: The Kingfisher Airline on Thursday issued a statement seeking to refute reports that banks led by the SBI had initiated debt recovery proceedings against it. The statement issued by the cashstrapped airline said, "Following misleading and factually incorrect reports appearing in a section of the press, Kingfisher Airlines...
  • KFA crisis: Banks to sell Mallya's villa, assets July 5, 2012

    New Delhi: In a major blow to the cashstrapped Kingfisher Airlines, banks on Thursday reportedly decided to launch their debt recovery process against the ailing company. Sources said that the bankers had decided to sell off Kingfisher's noncore assets that include Kingfisher House in Mumbai and a villa belonging to...
  • Pranab to inaugurate a conference on debt recovery June 6, 2012

    New Delhi: Finance Minister Pranab Mukherjee will on Wednesday inaugurate the Conference of the Chairpersons of Debts Recovery Appellate Tribunals (DRATS) and Presiding Officers of Debts Recovery Tribunals (DRTS). During the daylong Conference, the Chairpersons of DRATs and Presiding Officers of DRTs will recommend measures required to remove the bottlenecks...