Hyderabad, Oct. 18:
The case against Kingfisher Airlines, its
Chairman Vijay Mallya and four others pertaining to bounce of cheques to the
tune of Rs 10.56 crore has been closed by the 13th Metropolitan Court in
Hyderabad. This follows an out of court settlement between GMR Hyderabad
International Airport Ltd (GHAIL) and Kingfisher Airlines. Consequently the
GMR, which operates the GHAIL withdrew its complaint from the designated
special court on Wednesday. The Hyderabad Court had issued non-bailable
warrants against Mallya and other top executives of Kingfisher Airlines last
week, when they failed to appear in person.
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