The Delhi High Court on Friday told Avion De Transport Regional Gie to approach the Karnataka High Court to seek permission to execute a $ 18 million UK court decree awarded against Kingfisher Airlines in favour of the French turbo aircraft supplier in 2012.   Taking note of the November 2016 winding up order by the Karnataka High Court against the beleaguered airline, Justice Manmohan said that the foreign company must first comply with Section 446 of the Companies Act 1956 - which does not allow the continuation of pending proceedings against a company on whom a winding up order has been passed without seeking leave of that court.The $ 18 million decree by the Queen's Bench Division of the High Court of Justice in the UK is the result of a fallout over a deal signed between the two companies, where United Breweries was a corporate guarantor. A consortium of banks lead by State Bank of India have also intervened in the Delhi High Court execution petition, claiming first charge over ..

Kingfisher Airlines


Delhi high court on Friday asked GIE Avions de Transport R&eacute;gional 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.&nbsp;<br />
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	Delhi high court said this after taking note of the November 2016 winding-up order by Karnataka high court against the grounded Kingfisher Airlines. &nbsp;</div>
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	The $18-million UK court decree is the result of a fallout over a deal signed between GIE Avions de Transport R&eacute;gional and Kingfisher Airlines. United Breweries Holdings was the corporate guarantor in a deal.&nbsp;</div>
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	The court has listed the case for further hearing on November 28.</div>
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The Delhi High Court on Friday told Avion De Transport Regional Gie to approach the Karnataka High Court to seek permission to execute a $ 18 million UK court decree awarded against Kingfisher Airlines in favour of the French turbo aircraft supplier in 2012.   Taking note of the November 2016 winding up order by the Karnataka High Court against the beleaguered airline, Justice Manmohan said that the foreign company must first comply with Section 446 of the Companies Act 1956 - which does not allow the continuation of pending proceedings against a company on whom a winding up order has been passed without seeking leave of that court.The $ 18 million decree by the Queen's Bench Division of the High Court of Justice in the UK is the result of a fallout over a deal signed between the two companies, where United Breweries was a corporate guarantor. A consortium of banks lead by State Bank of India have also intervened in the Delhi High Court execution petition, claiming first charge over th

Kingfisher Airlines case: French plane maker asked to approach Karnataka HC

Delhi HC asked firm to approach Karnataka HC for permission to execute $18-mn UK court decree