The Service Tax Department has once again frozen the bank accounts of the government carrier Air India (AI) for non-payment of dues running into a little over Rs 300 crore. This is the second time in two months that the Central Board of excise and customs department has frozen the account of the carrier.
In December, the department had frozen as many as 11 accounts of AI and 10 of the private carrier Kingfisher Airlines, which were later de-frozen following part payments by the airlines. The development comes even as bankers reportedly met on Thursday to consider a fresh corporate debt restructuring proposal for the carrier.
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