{"id":30250,"date":"2013-09-18T12:08:31","date_gmt":"2013-09-18T06:38:31","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=30250"},"modified":"2013-09-18T12:08:31","modified_gmt":"2013-09-18T06:38:31","slug":"court-reprieve-mallya-kingfisher-case","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/court-reprieve-mallya-kingfisher-case","title":{"rendered":"Court reprieve for Mallya in Kingfisher case"},"content":{"rendered":"
\n

The Karnataka High Court Tuesday deferred, by a week, its Monday summons for appearance of Kingfisher Airlines chairman Vijay Mallya as he is abroad.<\/p>\n

When Mallya’s counsel informed the court that his client was not in Bangalore to appear Tuesday, as he was travelling abroad, Justice Ram Mohan Reddy kept his summons order in abeyance for one week.<\/p>\n

The court was hearing a bunch of petitions filed by six creditors to wind-up the defunct airline for failing to pay their dues in spite of several reminders.<\/p>\n

The six petitioners are IAE International Aero Ltd, RRPF Engine Leasing, Rolls-Royce & Partners Finance, Avions de Transport Regional GIE and PNB Paribas, which supplied aircraft, components and funds to the crisis-ridden airline.<\/p>\n

Passing the order, Reddy, however, directed the airline’s holding company – United Breweries Holding Ltd (UBHL) to file an audit report on sale of its shares to Diageo plc, a multinational alcoholic beverages firm in London, in a week.<\/p>\n

With the high court’s permission May 24, UBHL sold 13 million shares of United Spirits Ltd of the UB group at the rate of Rs1,440 per share and deposited the surplus amount (Rs250 crore) with the court to show its bonafides that it was willing to settle the dues of the petitioners.<\/p>\n

The sale was part of the Diageo deal to acquire 19.3% stake in the UB group and allotment of preferential shares to increase its equity share to 27.4 percent subsequently.<\/p>\n

In a related development, the court took on record an application moved by the airline’s employees against the winding-up petitions and directed the airline management to submit a revival plan in four weeks.<\/p>\n

(Source: IANS)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Karnataka High Court Tuesday deferred, by a week, its Monday summons for appearance of Kingfisher Airlines chairman Vijay Mallya as he is abroad. When Mallya’s counsel informed the court that his client was not in Bangalore to appear Tuesday, as he was travelling abroad, Justice Ram Mohan Reddy kept his summons order in abeyance […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[26313,26310,26309,3518,26308,47776,47765,26314,26312,26311,47774,47775,23371],"class_list":["post-30250","post","type-post","status-publish","format-standard","hentry","category-top-law-news","tag-avions-de-transport-regional-gie","tag-iae-international-aero-ltd","tag-justice-ram-mohan-reddy","tag-karnataka-high-court","tag-kingfisher-airlines-chairman-vijay-mallya","tag-national-news","tag-news","tag-pnb-paribas","tag-rolls-royce-partners-finance","tag-rrpf-engine-leasing","tag-todays-news","tag-todays-top-news","tag-top-news"],"yoast_head":"\nCourt reprieve for Mallya in Kingfisher case<\/title>\n<meta name=\"description\" content=\"Court reprieve for Mallya in Kingfisher case\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/court-reprieve-mallya-kingfisher-case\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court reprieve for Mallya in Kingfisher case\" \/>\n<meta property=\"og:description\" content=\"Court reprieve for Mallya in Kingfisher case\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/court-reprieve-mallya-kingfisher-case\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - 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The 13th Metropolitan Sessions Court issued the warrant against crisis-hit Kingfisher airlines in a case filed by GMR Hyderabad International Airport Ltd (GHIAL), which manages the Rajiv\u2026","rel":"","context":"In "Top Law News"","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42137,"url":"https:\/\/www.legalindia.com\/news\/mallya-case-high-court-adjourns-hearing-april-11","url_meta":{"origin":30250,"position":1},"title":"Mallya case: High Court adjourns hearing to April 11","author":"Legal India News","date":"March 25, 2016","format":false,"excerpt":"Mallya case: High Court adjourns hearing to April 11 Bengaluru, The Karnataka High Court today adjourned till April 11 the hearing of a two-and-a-half-year- old winding up petition against United Breweries Holdings Limited, the company controlled by beleaguered Vijay Mallya. The petition seeks unpaid dues of Rs 146 crore from\u2026","rel":"","context":"In "High Profile Cases"","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"vijay mallya","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":43111,"url":"https:\/\/www.legalindia.com\/news\/cheque-bounce-case-vs-mallya-adjourned-june-6","url_meta":{"origin":30250,"position":2},"title":"Cheque bounce case vs Mallya adjourned to June 6","author":"Legal India News","date":"May 25, 2016","format":false,"excerpt":"A local court today adjourned to June 6 its order on the two cheque bounce cases filed against beleaguered industrialist Vijay Mallya by GMR Hyderabad International Airport Ltd. The III Special Magistrate Court here on May 9 had posted for today its order on the quantum of sentence for Mallya,\u2026","rel":"","context":"In "Criminal Law News"","block_context":{"text":"Criminal Law News","link":"https:\/\/www.legalindia.com\/news\/category\/criminal-law-news"},"img":{"alt_text":"vijay mallya","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":42723,"url":"https:\/\/www.legalindia.com\/news\/ed-seeks-recall-exemption-given-vijay-mallya","url_meta":{"origin":30250,"position":3},"title":"ED seeks to recall exemption given to Vijay Mallya","author":"Legal India News","date":"April 27, 2016","format":false,"excerpt":"The ED on Wednesday urged a Delhi court to recall its earlier order granting permanent exemption from personal appearance to liquor baron Vijay Mallya in a case for allegedly evading summons issued by the agency in connection with purported violation of foreign exchange rules. Chief Metropolitan Magistrate (CMM) Sumit Dass,\u2026","rel":"","context":"In "High Profile Cases"","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"vijay mallya","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/vijay-mallya_650x400_41458213209.jpg?fit=650%2C400&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":46899,"url":"https:\/\/www.legalindia.com\/news\/big-blow-mallya-ktk-hc-orders-ubhls-winding","url_meta":{"origin":30250,"position":4},"title":"Big blow to Mallya, K’tk HC orders UBHL’s winding up","author":"Legal India Admin","date":"February 8, 2017","format":false,"excerpt":"In a major jolt to liquor baron Vijay Mallya, the Karnataka High Court today ordered the winding up of United Breweries (Holdings) Ltd (UBHL), the parent company of UB Group, for recovering dues payable by the UBHL-promoted defunct Kingfisher Airlines Limited. \"This court has come to a conclusion that the\u2026","rel":"","context":"In "High Profile Cases"","block_context":{"text":"High Profile Cases","link":"https:\/\/www.legalindia.com\/news\/category\/high-profile-cases"},"img":{"alt_text":"Big blow to Mallya, K'tk HC orders UBHL's winding up","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/vijay-malya-300x225.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":44997,"url":"https:\/\/www.legalindia.com\/news\/kfa-official-gets-18-mnth-jail-cheque-bounce-cases","url_meta":{"origin":30250,"position":5},"title":"KFA official gets 18-mnth jail in cheque bounce cases","author":"Legal India News","date":"September 23, 2016","format":false,"excerpt":"A local court today sentenced A Raghunathan, former CFO of Kingfisher Airlines Ltd, to 18 months imprisonment in connection with two cheque bounce cases filed against him and businessman Vijay Mallya by GMR Hyderabad International Airport Ltd. Third Special Court Magistrate M Krishna Rao also imposed Rs 20,000 fine in\u2026","rel":"","context":"In "Criminal Law News"","block_context":{"text":"Criminal Law News","link":"https:\/\/www.legalindia.com\/news\/category\/criminal-law-news"},"img":{"alt_text":"KFA official gets 18-mnth jail in cheque bounce cases","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/arest.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-7RU","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/30250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=30250"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/30250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=30250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=30250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=30250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}