Vijay Mallya aptly named his company 'Kingfisher', both flew away: HC

NH Bureau Monday, 19 September 2016 05:00:34 PM

Mumbai : Bombay High Court on Monday said that businessman Vijay Mallya aptly named his company Kingfisher, both flew away without caring about the boundaries.

The remark came during the hearing of an appeal filed by the Service Tax department and also another petition filed by the department seeking to recall the auction sale of Mallya's private aircraft.

"Does anyone know why he (Mallya) came up with the name 'Kingfisher' for his entity? In history no one could have come up with a more apt name for this entity. Because Kingfisher is a bird that can fly away...it knows no boundaries...no boundaries can stop it. Just like how no one could stop him (Mallya)," Justice Dharmadhikari said.

Highlights:

# On Monday, Bombay High Court heard an appeal made by service tax department.

# Justices S C Dharmadhikari and B P Colabawala observed that Vijay Mallya aptly named his company Kingfisher, like the bird he also flew away without bothering about boundaries.

# The court admitted the appeal filed by the Service Tax department which challenged an order passed by the Debt Recovery Tribunal in 2014, and posted it for hearing at a later stage.

# According to the department's plea in HC, Mallya owes Rs 32.68 crore as service tax from the tickets sold to passengers of Kingfisher Airlines between April 2011 and September 2012.

# Total unpaid dues Mallya owns to the department is about Rs 532 crores.

# Mallya's jet Airbus 319 that can carry 25 passengers and about 6 crew members, had been attached by the department.

# Mallya is facing action after defaulting on over Rs 9,000-crore loan from 17 banks.

# He had slipped away from India in March and currently enjoying his stay in the UK.