Comments
Kingfisher Airlines on Monday withdrew in Supreme Court its appeal against Karnataka High Court’s verdict allowing consortium of banks led by SBI to take possession of its prestigious property Kingfisher House in Mumbai.
As soon as the matter came for hearing before a bench headed by Justice J S Khehar, the company pleaded the court to allow it to withdraw the petition.
The Airlines had moved the Supreme Court challenging the high court’s January 29 verdict that allowed a consortium of banks to take possession of Kingfisher House.
The banks seeking possession and sale of the property are State Bank of India, Axis Bank Ltd, Bank of Baroda, Bank of India, Central Bank of India, Corporation Bank, Federal Bank Ltd, IDBI Bank Ltd, Indian Overseas Bank, Jammu & Kashmir Bank Ltd, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, and United Bank of India.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.