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Lenders may declare Vijay Mallyas Kingfisher Airlines wilful defaulter
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Wwatch: Kanhaiya Kumar's Full Speech at JNU Campus • rarr; • Kanhaiya Kumar's Full Speech at JNU C... • ~-~~-~~~-~~-~ • The noose seems to be is tightening around Vijay Mallya and Kingfisher Airlines. According to sources close to the development, the consortium of lenders led by State Bank of India is now considering declaring Kingfisher Airlines a wilful defaulter. Sources say the consortium has appointed Ernst Young to conduct a forensic audit on KFA, to determine if funds were diverted from the airline to other group companies. If the audit report throws up conclusive proof of fund diversion or other such activities, the banks could proceed with declaring KFA a wilful defaulter.
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