{"id":34137,"date":"2014-07-10T11:44:03","date_gmt":"2014-07-10T06:14:03","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=34137"},"modified":"2014-07-10T11:44:03","modified_gmt":"2014-07-10T06:14:03","slug":"kingfisher-moves-hc-ubi-default-notice","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/kingfisher-moves-hc-ubi-default-notice","title":{"rendered":"Kingfisher moves HC against UBI default notice"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/kingfisher-moves-hc-ubi-default-notice\/kingfisher-2\" rel=\"attachment wp-att-34138\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"34138\" data-permalink=\"https:\/\/www.legalindia.com\/news\/kingfisher-moves-hc-ubi-default-notice\/kingfisher-2\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/07\/Kingfisher.jpg?fit=284%2C160&amp;ssl=1\" data-orig-size=\"284,160\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Kingfisher\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/07\/Kingfisher.jpg?fit=284%2C160&amp;ssl=1\" class=\"alignright wp-image-34138 size-full\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2014\/07\/Kingfisher.jpg?resize=284%2C160&#038;ssl=1\" alt=\"Kingfisher\" width=\"284\" height=\"160\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/07\/Kingfisher.jpg?w=284&amp;ssl=1 284w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2014\/07\/Kingfisher.jpg?resize=150%2C84&amp;ssl=1 150w\" sizes=\"auto, (max-width: 284px) 100vw, 284px\" \/><\/a>The grounded Kingfisher Airlines today moved the Calcutta High Court challenging a communication by the United Bank of India that asked its chairman Vijay Mallya and other board members to meet the bank officials for alleged wilful default on payment of dues to the tune of nearly Rs 400 crore .<\/p>\n<p>The counsels for Kingfisher Airlines submitted before Justice Dipankar Dutta that they have prayed for withdrawal of the notice for wilful default by UBI and that they be allowed a personal hearing along with legal representative on the issue.<\/p>\n<p>They claimed that the bank authorities have refused to allow any legal representative to accompany Mallya or his board members for the meeting, which was scheduled to be held at the UBI headquarters here today. They submitted that the bank cited the Master Circular of Reserve Bank of India (RBI) which has not kept any provision for such representation.<\/p>\n<p>The counsels claimed that as there was no provision, it was the discretion of the bank concerned, but the UBI has disallowed its contention without citing any reason. The counsels for UBI submitted that a credit limit of Rs 398.22 crore was sanctioned to Kingfisher Airlines, Bangalore, by the bank.<\/p>\n<p>They alleged that repayment was defaulted and funds were diverted. It was claimed that a consortium of banks with the lead bank being the State Bank of India had extended loans to Kingfisher. UBI was part of the consortium.<\/p>\n<p>They stated that it was just a showcause notice wherein the airline authorities were required to produce the accounts. After hearing both parties, Justice Dutta said that orders would be passed tomorrow.<\/p>\n<p>(Source: PTI)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The grounded Kingfisher Airlines today moved the Calcutta High Court challenging a communication by the United Bank of India that asked its chairman Vijay Mallya and other board members to meet the bank officials for alleged wilful default on payment of dues to the tune of nearly Rs 400 crore . The counsels for Kingfisher [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":34138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_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},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[4064,29072,3106,5347,47765,47774,47775,23371],"class_list":["post-34137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-calcutta-high-court","tag-justice-dipankar-dutta","tag-kingfisher","tag-kingfisher-airlines","tag-news","tag-todays-news","tag-todays-top-news","tag-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kingfisher moves HC against UBI default notice<\/title>\n<meta name=\"description\" content=\"Kingfisher moves HC against UBI default notice\" \/>\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\/kingfisher-moves-hc-ubi-default-notice\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kingfisher moves HC against UBI default notice\" \/>\n<meta property=\"og:description\" content=\"Kingfisher moves HC against UBI default notice\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/kingfisher-moves-hc-ubi-default-notice\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; 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bird: Bombay HC","author":"Legal India News","date":"September 20, 2016","format":false,"excerpt":"The Bombay High Court today observed that businessman Vijay Mallya aptly named his company 'Kingfisher', as like the bird of the same name he too flew away without bothering about boundaries. The remark was made by a division bench of justices S C Dharmadhikari and B P Colabawala while hearing\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"Mallya flew away just like ''Kingfisher'' bird: Bombay HC","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/07\/Mallya.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":27647,"url":"https:\/\/www.legalindia.com\/news\/dgca-told-to-deregister-2-kingfisher-aircraft","url_meta":{"origin":34137,"position":4},"title":"DGCA told to deregister 2 Kingfisher aircraft","author":"Legal India Admin","date":"April 9, 2013","format":false,"excerpt":"DVB Aviation Finance Asia PTE Ltd is going to lease by German aircraft today after\u00a0won a legal battle against grounded Kingfisher Airlines with the Delhi High Court\u00a0asking aviation regulator DGCA to deregister two leased-out planes lying at Istanbul in Turkey German aircraft leasing firm DVB Aviation Finance Asia PTE Ltd\u2026","rel":"","context":"In &quot;Corporate Law News&quot;","block_context":{"text":"Corporate Law News","link":"https:\/\/www.legalindia.com\/news\/category\/corporate-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42192,"url":"https:\/\/www.legalindia.com\/news\/kingfisher-mallya-propose-sc-repay-rs4k-cr","url_meta":{"origin":34137,"position":5},"title":"Kingfisher, Mallya propose in SC to repay Rs4k cr","author":"Legal India News","date":"March 30, 2016","format":false,"excerpt":"Liquor baron Vijay Mallya and Kingfisher Airlines Ltd today submitted in a sealed cover a proposal for repayment of Rs 4000 crore out of the loan amount of Rs 6903 crore to the consortium of banks led by State Bank of India by September this year. Along with Mallya and\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-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":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-8SB","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/34137","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=34137"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/34137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/34138"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=34137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=34137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=34137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}