Wednesday, April 24, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Vijay Mallya flew out of India like a bird, ‘Kingfisher’ apt name for company: HC

Vijay Mallya flew out of India like a bird, ‘Kingfisher’ apt name for company: HC

The Bombay High Court today likened the beleaguered businessman Vijay Mallya with the bird ‘Kingfisher’, the namesake of his company, saying Mallya aptly named his company 'Kingfisher', as like the bird, he too flew away

India TV Business Desk India TV Business Desk Mumbai Published on: September 19, 2016 18:05 IST
Vijay Mallya | India TV
Vijay Mallya | India TV

The Bombay High Court today likened the beleaguered businessman Vijay Mallya with the bird ‘Kingfisher’, the namesake of his company, saying Mallya aptly named his company 'Kingfisher', as like the bird, he too flew away without bothering about boundaries.

The jibe came from a division bench of justices S C Dharmadhikari and B P Colabawala while hearing an appeal filed by the Service Tax department and also another petition filed by the department seeking to recall the auction sale of Mallya's private aircraft.

"Does anyone know why he (Mallya) came up with the name 'Kingfisher' for his entity? In history no one could have come up with a more apt name for this entity. Because Kingfisher is a bird that can fly away...it knows no boundaries...no boundaries can stop it. Just like how no one could stop him (Mallya)," Justice Dharmadhikari said.

The court admitted the appeal filed by the Service Tax department which challenged an order passed by the Debt Recovery Tribunal in 2014, and posted it for hearing at a later stage.

According to the department's plea in HC, Mallya owes Rs 32.68 crore as service tax from the tickets sold to passengers of Kingfisher Airlines between April 2011 and September 2012. 

The total unpaid dues that Mallya owes to the department stand at about Rs 532 crore.

In the second petition, the department sought to recall the auction sale of Mallya's personal jet as the highest bidder had bid only 80 per cent of the plane's total cost. The court has posted this petition for hearing on September 26.

Mallya's jet Airbus 319 that can carry 25 passengers and about 6 crew members, had been attached by the department.

In May this year, the department had issued a notice advertising the auction and described the airbus as designed "exclusively for exotic and luxurious use". It has conference halls, meeting rooms and a bedroom with an attached bath. Mallya, Chairman of the now-defunct Kingfisher Airlines, is facing action after defaulting on over Rs 9,000-crore in loans from 17 banks.

He had left the country in March and is currently said to be in the UK.


 

(With PTI inputs)

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement