 "Kingfisher Airlines case: French plane maker asked to approach Karnataka HC")
Delhi high court on Friday asked GIE Avions de Transport Régional to approach Karnataka high court for permission to execute $18-million UK court decree against Kingfisher Airlines in favour of the French turbo aircraft supplier.
Delhi high court said this after taking note of the November 2016 winding-up order by Karnataka high court against the grounded Kingfisher Airlines.
The $18-million UK court decree is the result of a fallout over a deal signed between GIE Avions de Transport Régional and Kingfisher Airlines. United Breweries Holdings was the corporate guarantor in a deal.
The court has listed the case for further hearing on November 28.
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