Cheques bounce case: Warrant against Kingfisher, Vijay Mallya

Mangalore Today News Network

Hyderabad, Oct 12, 2012 : A court in Hyderabad on Friday issued a non-bailable warrant against Kingfisher Airlines and its Chairman Vijay Mallya in a case of cheques bouncing filed by GMR Hyderabad International Airport Ltd (GHIAL). The case pertains to bouncing of cheques worth Rs 10 crore issued by Kingfisher Airlines to GMR as Hyderabad airport charges.

 

 

GMR, which manages the Rajiv Gandhi International Airport in Hyderabad, moved the court after the cheques bounced. The case was filed against Vijay Mallya-owned Kingfisher Airlines in Nampally criminal courts in Hyderabad for dishonouring cheques worth Rs 10.3 crore. Kingfisher reportedly issued four cheques for Rs 10.3 crore towards airport charges (parking, landing and navigation). But all the cheques bounced and GMR filed a case against Kingfisher and Mallya.

Earlier in June, Mumbai International Airport, run by GVK Group, had filed a cheque bounce case against Kingfisher in a Mumbai criminal court. Kingfisher Airlines, which is in a state of virtual lockout till October 20, is facing massive financial crisis and ahas even failed to pay salary to its employess for the last several months.

 

Courtesy: Indiatv