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Showing posts with the label Chairman and owner of the Kingfisher Airlines Ltd.

Court has issued an Arrest Warrant for Dr Vijay Mallya, Chairman and owner of the Kingfisher Airlines Ltd.

A court in the southern Indian city of Hyderabad has issued an arrest warrant for Vijay Mallya, owner of the cash-strapped Kingfisher Airlines. The warrant relates to a case brought by Hyderabad International Airport after cheques, worth 103m rupees ($1.9m; £1.2m), bounced. Kingfisher has struggled to repay its debts. The money owed in this case was reportedly to cover airport charges. Legal experts say it is unlikely that Mallya will be arrested imminently. They say Mallya will probably be summoned to court at an agreed future date and is likely to get bail. This arrest warrant was only issued when Mallya failed to appear in court, despite a summons issued to him after the cheques bounced. Mr Mallya, the crisis-hit airline's flamboyant owner, is also an MP in the Rajya Sabha, the upper house of the Indian parliament, as well as the chairman of the United Breweries group, India's largest brewing company, which makes Kingfisher beer. Meanwhile, Kingfisher Ai