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Kingfisher Airlines has said that it will pursue all legal remedies after the Supreme Court on Tuesday dismissed its special leave petition following United Bank of India declaring the airline's chairman, Vijay Mallya, and three others as willful defaulters.
The Supreme Court observed that the SLIP filed by KFA against UBI seeking legal representation before the grievance redressal committee of the bank had become infructuous as the committee had already made a decision. The court said that it was up to KFA to pursue such legal remedies as are available.
In light of this ruling, the airline in a statement said it will "vigorously challenge the decision of UBI''.
Prakash Mirpuri, Vice-President, Corporate Communications of the UB Group, said the airline as well as its directors strongly deny the allegations of willful default for alleged non-payment of Rs 7.5 crore to the bank.
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