Mallya gives Rs 5,904 cr guarantee to Kingfisher lenders

September 04, 2012 11:29

Kingfisher Airlines Chairman Vijay Mallya gave guarantees worth Rs 5,904 crore for the carrier's loans and other liabilities in 2011-12, but did not get any commission for the same because of lenders' opposition.

While guarantees given by Mallya fell from Rs 6,156 crore in the previous year 2010-11, the guarantees provided by Kingfisher's holding and associate companies rose from Rs 8,863 crore to Rs 8,926 crore in this period.

Mallya had got a commission of Rs 51 crore for these guarantees in 2010-11, but the airline has said that payment of such commissions has been withdrawn after directions from the consortium of its lenders.

« Back to LIVE

TOP STORIES

Kejriwal's aide Bibhav Kumar arrested in Swati Maliwal 'assault' case

Bibhav Kumar was produced before Metropolitan Magistrate Gaurav Goyal who sent him to five-day police custody after the police sought his remand to question him about the incident and to retrieve data from his phone.

Back to back terror attacks in J-K: Ex-sarpanch killed, tourist couple shot at

Terrorists struck at two places in Kashmir on Saturday night, killing a former sarpanch in Shopian and injuring a tourist couple from Rajasthan in Anantnag, two days ahead of Lok Sabha elections in Baramulla.

I dedicate my man of the match award to Dayal: Faf du Plessis

Pacer Yash Dayal kept his cool in a tense final over to seal a 27-run win against Chennai Super Kings and send RCB through to the play-offs.

IPL PIX: Spirited RCB knock out CSK; qualify for play-offs!

A spirited performance from their bowlers saw Royal Challengers Bengaluru outclass Chennai Super Kings by 27 runs to qualify for the play-offs.

Banking industry doyen N Vaghul dies at 88

Veteran banker N Vaghul, who led the transformation of ICICI into a private sector lender, died on Saturday afternoon due to health complications. He was 88. Vaghul took over the reins of ICICI, then a public finance institution, in...