Yet another blow to Mallya: Wind up Kingfisher Airlines, orders High Court

Yet another blow to Mallya: Wind up Kingfisher Airlines, orders High Court

Submitted by alvin on Fri, 2016-11-18 16:21 Bengaluru: In a blow to liquor baron Vijaya Mallya, the High court on Friday has ordered winding up of Kingfisher Airlines Ltd for non-payment of dues to a UK-based firm.Hearing a petition by Serotonin Limited, a British firm, which had moved the court seeking repayment of its due, the single judge bench  justice V Kothari, has ordered the winding up of the firm.The firm which supplied engine parts to the airlines had demanded payment of six million US dollars.