Warrants issued against Vijay Mallya, Kingfisher in cheque bounce case

Hyderabad, Oct. 12:  

In a case of bouncing of cheques totalling Rs 10.50 crore, non-bailable warrants (NBWs) were issued against Kingfisher Airlines, its Chairman Vijay Mallya and four of its officials by a designated court in Hyderabad today.

The 13 {+t} {+h} Special Magistrate Court ordered the issue of the NBWs as they failed to appear before the court.

The case pertains to an agreement between the GMR Hyderabad International Airport Limited (GHIAL) and Kingfisher Airlines to collect user charges for parking, navigation and landing from Kingfisher Airlines.

From January 2012, Kingfisher was not remitting the money. When GHIAL demanded, they issued the amount in four tranches (cheques) for Rs 10.50 crore.

In a statement, GHIAL said it filed four cheque bounce cases against Kingfisher Airlines.

The cases were listed today for the airline to appear in the court. GHIAL said at this stage it would not like to comment more.

According to sources, similar cases of cheque bounce are pending in Mumbai and New Delhi courts against the Kingfisher Airlines .

http://www.thehindubusinessline.com/todays-paper/article3992425.ece