Apex court holds Kingfisher plea infructuous
The Supreme Court Tuesday declined to hear Kingfisher Airlines's plea that the United Bank of India should not have declared it a wilful defaulter without hearing its case.
An apex court bench headed by Justice Anil R. Dave said the petition had become infructuous as the state-run bank had already declared the airline a wilful defaulter.
The order can be challenged before the Calcutta High Court, the Supreme Court said.
(Posted on 02-09-2014)