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12th
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The High Court of Hyderabad issued on Friday 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 news was published by several business papers and web sites Friday morning.
The court issued the warrant against Kingfisher airlines in a case filed by GHIAL, which manages the Rajiv Gandhi International Airport.
Kingfisher had issued cheques to GHIAL towards airport user charges which include parking, landing and navigation charges. However, all the cheques (totalling $1.9 millions) bounced and GMR filed a case against Kingfisher and Mallya.
The warrant was issued after Mallaya failed to appear despite summons issued to him.
The part-owner of the Sahara Force India Formula 1 team reportedly sought exemption from personal appearance as he was abroad. The billionnaire is currently in Korea to attend the F1 Grand Prix.
Kingfisher Airlines, which is in a state of virtual lockout till October 20, is facing massive financial crisis and has even failed to pay salary to its employees for the last several months.
The news was published by several business papers and web sites Friday morning.
The court issued the warrant against Kingfisher airlines in a case filed by GHIAL, which manages the Rajiv Gandhi International Airport.
Kingfisher had issued cheques to GHIAL towards airport user charges which include parking, landing and navigation charges. However, all the cheques (totalling $1.9 millions) bounced and GMR filed a case against Kingfisher and Mallya.
The warrant was issued after Mallaya failed to appear despite summons issued to him.
The part-owner of the Sahara Force India Formula 1 team reportedly sought exemption from personal appearance as he was abroad. The billionnaire is currently in Korea to attend the F1 Grand Prix.
Kingfisher Airlines, which is in a state of virtual lockout till October 20, is facing massive financial crisis and has even failed to pay salary to its employees for the last several months.