Home / Business / Money / Not liable to repay Rs 6K cr debt due to breach of terms :KFA

Not liable to repay Rs 6K cr debt due to breach of terms :KFA

Not liable to repay Rs 6K cr debt due to breach of terms :KFA – Moneycontrol.com
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restructuring Agreement between both parties, which caused needless damages to the firm’s business.

.

Leave a Reply

x

Check Also

Rupee recovers 6 paise to 67.01

The rupee today recovered some lost ground by rising 6 paise to ...

Notes ban to have positive impact on economy

NEW DELHI: The government’s demonetisation move has led to widespread adoption of ...