•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Old Frontpage Layout

Save preferences

Verus for UBI on Kingfisher Airlines Rs 400 crore default battle

Verus advised the United Bank of India (UBI) which won in the Calcutta high court yesterday against Kingfisher Airlines. The high court dismissed Kingfisher’s appeal against a single judge order disallowing Kingfisher’s request for legal representation in wilful defaulter notice served on the Airlines by UBI.

Verus partner Krishnayan Sen and associate Prantar Basu Choudhury acted for UBI having briefed senior advocate Hirak Mitra.

Kingfisher was represented by senior advocates Sudipto Sarkar and Siddharta Mitra.

UBI’s “committee of identification of wilful defaulters” had told Kingfisher Airlines on 28 May that it had identified it as a potential wilful defaulter of UBI’s dues up to Rs 400 crore. It was called upon to make representations to the Committee for which Kingfisher requested the use of lawyers. However the committee informed it that an RBI circular did not permit it to use legal representation in this case.

Kingfisher filed a writ before the Calcutta high court for withdrawal of the notices and also for the direction that it could use legal representation in such proceedings. The writ was dismissed by a single judge on 10 July, and a letters patent appeal against it was dismissed yesterday.

The single judge order which was upheld by the division bench yesterday stated that Kingfisher Airlines founder Vijay Mallya and its board of directors may be represented by its in house legal and company secretary team in the proceedings, reported the Economic Times.

UBI has today filed a caveat in the Supreme Court against Kingfisher Airlines, reported the PTI.

Click to show 7 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.

Latest comments