In a setback to cash-starved Kingfisher Airlines and its promoter Vijay Mallya, the Supreme Court on Tuesday declined their plea to interfere with the order of Grievance Redressal Committee of United Bank of India (UBI) declaring both of them wilful defaulter.
A bench of Justices A R Dave and U U Lalit noted that their plea has become infructuous but said the company could approach the high court for relief.
“Your plea is that Grievance Redressal Committee (GRC) should not decide the matter but they have already decided it, therefore your plea is infructuous,” the bench said.
Senior advocate A M Singhvi, representing Kingfisher submitted that the GRC passed the order despite being informed that it has filed an appeal in the Supreme Court against the Calcutta High Court order dismissing its plea that Mallya and board of directors may be represented by its law officers or company secretary on a showcause notice by UBI for alleged wilful default on payment of dues of Rs 400 crore.
Published 02 September 2014, 19:49 IST