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 cash-strapped 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 cash-strapped 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 non-core 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 day-long Conference, the Chairpersons of DRATs and Presiding Officers of DRTs will recommend measures required to remove the bottlenecks...