Kingfisher Accounts Frozen

• Profit Top 10: Kingfisher accounts frozen; Rupee weakens again

  If you missed our coverage, here are the top 10 stories of the day.

• Kingfisher Airlines' accounts frozen for non-payment of tax dues

  This is the second time this year that the debt-ridden carrier's accounts have been frozen.

• Kingfisher Airlines: Vijay Mallya wants to bounce back

  In an exclusive email interview to NDTV, Vijay Mallya says he wants Kingfisher Airlines to bounce back as a "major player". On Monday, he wrote to employees saying that the airline is reuming salary payments after some of its bank accounts were restored upon part-payment of tax dues.

• CBEC threatens to move court against Kingfisher

  The service tax department has already frozen 40 bank accounts of the debt-ridden Kingfisher for non-payment of dues worth Rs 76 crore.

• Jet Airways says to clear tax debt by Monday

  The airline denied having had any warning its accounts may be frozen but said it plans to pay the amount by Monday.

• Kingfisher misses deadline for clearing dues, more accounts frozen

  The service tax department has frozen 40 more accounts of Kingfisher Airlines after it missed the deadline for clearing dues. The Vijay Mallya-promoted airline owes Rs 40 crore in tax arrears, according to the Service Tax Commissioner. Last week, the Central Board of Excise and Customs (CBEC) had frozen some of its bank accounts for nonpayment of d...

• Kingfisher Airlines misses deadline for clearing dues, more accounts frozen

  There seems to be no end to turbulent times for debt-ridden Kingfisher Airlines. The service tax department has frozen some more of its bank accounts after it missed the deadline for clearing its dues.

• Overdue salaries are 'personal sorrow': Mallya's new letter

  In an internal letter to Kingfisher Airlines' employess, chairman Vijay Mallya has said he has organized funding to be able to pay overdue salaries, adding that the delay in payments is a "source of great personal sorrow". In his letter sent early on Monday, the chairman of the debt-stricken airline said the company was handicapped because its bank...

• CBEC freezes Kingfisher's bank accounts for failure to pay service tax

  "They were paying Rs 1 crore per day. For the past few days, there has been an interruption. They have not been able to pay, so we have frozen their accounts 2-3 days ago by issuing a letter to the bank," CBEC Chairman S K Goel said.

• Frozen accounts led to flight cancellations, says Kingfisher

  The debt-laden carrier on Monday clarified that it has had to cancel a large number of flights because of non-payment of operational expenses after its bank accounts were frozen by tax authorities last week. Employee salaries would be paid and payments to recover grounded planes will be possible only after the bank accounts are unfrozen.

• Kingfisher's statement on cancellation of flights

  Kingfisher Airlines cancelled 30 flights today, thus further increasing inconveniencing passengers who already faced a similar situation over the weekend. In a statement released today, the cash-strapped airline said that it was the attachment of its bank accounts by the Income Tax department that had affected its operations.

• Kingfisher bank accounts unfrozen

  The Central Board of Excise and Customs (CBEC) has agreed to 'de-freeze' Kingfisher Airline's accounts. The private carrier assured its board on Monday that all arrears would be paid by March 2012, finance ministry sources said.

• 7 Kingfisher & 6 Air India bank accounts frozen

  The service tax department has frozen the bank accounts of both Air India and Kingfisher Airlines. While the loss-making national carrier owes the department approximately Rs 100 crore, Vijay Mallya's airline owes approximately Rs 70 crore. This effectively means that while both the companies collected the service tax on the air tickets they sold f...