Payment default case: Interim relief for Kingfisher

August 28, 2014 13:50

As Kingfisher scion Sid Mallya keeps himself busy doing this: Sid: ‏"I may have fiiiiiinally mastered the art of taking a selfie haha." , the Delhi High Court today set aside a Punjab National Bank notice to the extent that Kingfisher airlines and its guarantors, United Breweries (Holdings) Ltd (UBHL) and Vijay Mallya, will be deemed as willful defaulters in the event of no reply to the bank's notice within seven days from August 21.

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