The Karnataka High Court on Monday has cancelled an impleading application filed earlier by a section Kingfisher Airlines employees over salary dues.
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The pilots had earlier filed this application and wanted the Karnataka High Court to hear their plea along with a section of creditors to Kingfisher Airlines.These lenders have been up against Kingfisher Airlines and its holding company - UB Holdings to get back as much as close to Rs 600 crore through winding up petitions.
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Meanwhile, UB Holdings on Monday submitted Rs 250 crore as security deposit with the Karnataka High Court as per earlier orders in the ongoing case with a section of creditors - most aircraft and engine lessors.