Kingfisher – Bharat Pulse News

Former employees of the defunct Kingfisher Airlines are set to receive ₹311.67 crore towards long-pending salary and service dues, marking a significant development more than a decade after the airline ceased operations. The payment will be routed through the official liquidator handling the airline’s insolvency proceedings, who will oversee the distribution to eligible employees. Tribunal order enables fund release The payout follows directions from a debt recovery tribunal, which allowed the release of funds recovered from the sale of assets linked to the airline. These assets had earlier been attached during financial investigations related to unpaid loans and alleged diversion of funds. The recovered amount was cleared for use in settling employee claims, which have remained unresolved since Kingfisher Airlines shut down in 2012. Relief for former staff Thousands of pilots, cabin crew, engineers and ground staff had faced prolonged financial hardship due to non-payment of salaries and other dues. Employee unions and representatives have welcomed the move, calling it a rare instance of partial relief in a case that has dragged on for years through courts and regulatory bodies. Background of Kingfisher Airlines collapse Kingfisher Airlines, once a major private carrier in India, collapsed under mounting debt and financial stress. Its shutdown left employees unpaid while lenders pursued recovery through legal and regulatory mechanisms. The current payout represents one of the largest restitutions made to employees of a failed private airline in India.

Ex-Kingfisher Employees to Receive ₹311.67 Crore Dues

Latest News

Iran Attacks Five Gulf Nations, Closes Hormuz

Magnitude 4.5 Quake Hits Off Andhra Coast

Indian Missing After Hormuz Ship Attack

US Strikes Iran After Hormuz Ship Attack

Kejriwal Calls Government’s E20 Claims White Lies

Sundar Pichai Admits Google Trails in AI Coding Race

Join Us