HC orders winding up of Kingfisher

Bengaluru: The Karnataka

high court

has ordered the

winding up

of the now-defunct Kingfisher Airlines (

KFA

).

Justice Vineet Kothari gave this direction on Friday, while allowing a petition filed in 2012 by Aerotron, a UK-based company, for recovery of a little over $6 million due to it for supply of rotable aircraft components to KFA.

The judge further directed the official liquidator to submit a report in this regard within four weeks after taking possession of the assets of KFA. The court indicated that a detailed order would be released within a short period on the issue.

Aerotron had claimed that KFA, which was required to pay the amount as on July 4, 2012, had failed to clear it, despite the admitted liability and despite being signatory to a settlement agreement of about $5.5 million. The petitioner said KFA ignored repeated reminders.


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