Government lender State Bank of India (SBI) on Monday said its increased non-performing assets (NPA) are due to its exposure to iron, steel and textile sectors while recovering the dues from Kingfisher Airlines would be a protracted legal affair. ...
09:37 PM, Feb 18, 2013
Air India has cleared a large chunk of its dues to GMR-led operators of Delhi and Hyderabad airports, with the latest instalment of Rs 415 crore being paid a few days ago. "It is heartening for us to note that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. We are hopeful that Air India will clear the remaining...
10:20 PM, Feb 06, 2013
A day after the Supreme Court asked actor Amitabh Bachchan to respond to a petition from the Income Tax department, the actor said on Wednesday that he is ready to pay the taxes due. ...
10:13 AM, Jan 09, 2013
New Delhi: In fresh trouble for cash strapped Kingfisher Airlines, at least 15 planes leased to them have been stripped clean, the leasing company sources told CNN-IBN. The 15 aircraft have been stripped of crucial parts at various airports and have been declared not fit to fly. Sources said that inspection of two aircraft in New Delhi found the passenger and cockpit interiors cleaned out. Airport authorities refused to take...
01:00 PM, Oct 22, 2012
New Delhi: Kingfisher Airlines' woes continue as the airline's employees will be marching from India Gate to Jantar Mantar on Tuesday as there seems no end to the deadlock with the management. The National Human Rights Commission (NHRC) is also expected to send Chairman Vijay Mallya a notice in connection with the suicide of an employees wife. The Kingfisher staffer's wife committed suicide on Thursday citing financial strain. She had...
09:06 AM, Oct 09, 2012
New Delhi: More trouble for Vijay Mallya owned Kingfisher Airlines as the Directorate General of Civil Aviation (DGCA) has now issued a show-cause notice to the airline asking why its flying permit should not be cancelled. The airline employees staged protests across the country over non-payment of salary on Friday. Kingfisher employees were out on the streets - a nationwide protest launched against the management for not paying salaries for...
07:42 AM, Oct 06, 2012
Berlin: A sports official in Germany has died after being struck in the throat by a javelin, police said on Monday. The 74-year-old man was adjudicating at a youth athletics event in the western city of Duesseldorf when the incident happened late Sunday, said police spokesman Andre Hartwig. He was immediately taken to hospital but died of injuries early Monday, Hartwig said. The local athletics association for Duesseldorf and Neuss...
08:01 PM, Aug 27, 2012
Mumbai: A section of pilots of near-bankrupt Kingfisher Airlines on Saturday went on strike, second time in the month, demanding immediate payment of March salaries, leading to cancellation of seven flights from Mumbai. "A section of Mumbai-based pilots have gone on strike due to repeated failure to keep up with the promises (made by the airline management)," airline sources told PTI. Some flights from Mumbai have already been cancelled due...
02:46 PM, Aug 18, 2012
New Delhi: With its pilots' strike disrupting Kingfisher's flight schedules, the airline's promoter Vijay Mallya on Saturday asked the agitating employees not to talk to the media or "disgrace" the company saying it would affect the recapitalisation efforts. Mallya, however, gave no assurance by when the agitators salary dues would be cleared. "I really hope that good sense will prevail. I am doing my best. If some of you think...
04:05 PM, Jul 14, 2012
Ahmedabad: The Gujarat government on Monday froze three bank accounts of Essar Oil Ltd (EOL) in Jamnagar following Gujarat High Court directives to expedite recovery of over Rs 8,000 crore in sales tax dues. "Three bank accounts of EOL have been frozen in Jamnagar district as part of the due recovery process," a top finance department functionary said. The division bench of Justice PB Majmudar and Justice Mohinder Pal last...
09:41 PM, Jul 09, 2012
The Federation of International Cricketers Association CEO Tim May had threatened to take legal action over the non payment of dues. ...
12:47 PM, Jun 13, 2012
Mumbai: Frequent fliers are well aware that its heavy going with airlines when it comes to any excess baggage. But 24-year-old Vinish Vincent George claims, in his particular case, national carrier Air India has gone too far. Falling short of 35 Canadian dollars towards payment for his extra baggage proved costly for the aspiring Indian pilot, who is stranded at Pearson Airport, Toronto since 12.40 pm (local time) on April...
02:52 PM, May 01, 2012
Mumbai: Kingfisher Airlines employees have given the company's management time till April 3 to release their salaries, which have not been paid since December 2011. Refusing to listen to Kingfisher Airlines Chairman Vijay Mallya, who promised to pay by dues the April 10, the engineers and pilots of the company met the management on Monday and demanded that their salaries should be paid by 8 pm on Tuesday, April 3....
03:33 PM, Apr 02, 2012
Mumbai: Tax authorities have warned top Indian carrier Jet Airways its bank accounts will be frozen if it does not clear outstanding dues of about 690 million rupees, local media reported on Sunday. "They have 24 hours to make the payment, failing which their accounts will be frozen," SK Goel, chairman of the Central Board of Excise and Customs, was quoted by the Business Standard newspaper as saying. In a...
01:31 AM, Mar 12, 2012
Mumbai: Trouble doesn't seem to be getting over for the king of good times, Kingfisher Airlines. According to sources, seven more bank accounts of the beleaguered airline have been attached by the Service Tax Department. The Service Tax Department had attached 37 accounts of Kingfisher earlier and following Friday's action the total number of bank accounts frozen has reached 44. Kingfisher had promised to pay about Rs 1 crore each...
06:36 PM, Mar 02, 2012
New Delhi: Rejecting the revised appeal by Kingfisher Airlines to allow 18 months to clear dues, the Income Tax Department on Friday sought Rs 35-40 crore as upfront payment and asked the airline to pay the balance dues in 8 months. Unhappy with Kingfisher's offer to make payments over 18 months period on weekly basis, the I-T Department summoned the airline management for a meeting and made it clear that...
05:23 PM, Feb 24, 2012
New Delhi: Air India has settled a "major portion" of dues owed to state-run oil marketing companies and will pay the remainder on Friday, a spokesman for the ailing national carrier said on Thursday. The oil marketing firms had earlier threatened to halt fuel supplies to Air India, reeling under a debt pile of $4 billion, from Friday for non-payment of dues. "We made some payment yesterday, some even today....
01:29 AM, Feb 03, 2012
New Delhi: In a setback to sugar mill owners on Tuesday, the Supreme Court directed private mill owners to pay approximately Rs 1000 crores to UP sugarcane farmers. The state government had fixed a particular price for sugarcane farmers a few years back, because of which a backlog of nearly one thousand crore rupees turned up. The matter was challenged in court. VM Singh, petitioner in the Supreme Court, said...
01:28 PM, Jan 17, 2012
New Delhi: Reacting sharply to Arvind Kejriwal's letter along with a cheque to Prime Minister Manmohan Singh, Congress on Thursday described it as "insulting" to the top office and said the former revenue officer should have written to his immediate senior officer on this issue. "Kejriwal writting his letter to Prime Minister is insulting the office of the Prime Minister. I don't know what designation Kejriwal held when he was...
12:49 AM, Nov 04, 2011
New Delhi: Arvind Kejriwal on Thursday returned over Rs 9 lakh in dues to settle the issue of his resignation from the IRS, insisting that he was doing so in protest and it does not mean he has accepted any mistake. Kejriwal sent a cheque of Rs 9,27,787 along with a letter to Prime Minister Manmohan Singh, asking him not to "trouble" his six friends, including Magsaysay winner Harish Hande,...
08:17 PM, Nov 03, 2011
