Asia/Pacific

Kingfisher asserts “wilful defaulter” verdict does not apply

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Kingfisher asserts “wilful defaulter” verdict does not apply

Indian media has reported that Kingfisher Airlines has denounced the Reserve Bank of India’s recent ruling that the airline and its CEO Vijay Mallya are “wilful defaulters”. Kingfisher stated: “The company is advised that none of the parameters constituting wilful default governed by the mas...

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