GMR Hyderabad International Airport Ltd (GHIAL) on Wednesday withdrew a cheque bounce case filed against Vijay Mallya-promoted Kingfisher Airlines (KFA) in a court here after the airline agreed to pay the outstanding amount due to it.
On October 12, the court had issued non-bailable warrants against KFA, Mallya and four top executives of the airline who failed to appear before it in connection with the case related to dishonouring of cheques worth Rs 10.5 crore.
“The case (against Kingfisher and Mallya) has been withdrawn. The matter has been settled by our client (GMR with Kingfisher)...They asked us to withdraw the case, after which we informed the court about withdrawal of the case which has been agreed upon,” J B Chenna Keshava Rao, one of the lawyers of GMR, told PTI.
According to sources, GHIAL, which manages the Rajiv Gandhi International Airport here, reached an agreement with Kingfisher over payment of the outstanding amount due to GMR (to the tune of Rs 10.5 crore).
“We reached an agreement with Kingfisher and they agreed to pay the outstanding amount,” the sources said without divulging details.