In depth coverage of Kingfisher crisis from Business Today
Business Today
Kingfisher Crisis

The troubles of cash-strapped Kingfisher Airlines worsened on Friday with another lender classifying its loan to the Vijay Mallya-promoted company as "sub-standard", a day after State Bank termed the airline as defaulter.

The debt-ridden airlines fails to pay its service tax dues for December, which could lead to freezing of its bank accounts once again.
Kingfisher has paid about Rs 9 crore toward its service tax dues for the month of November, while state-owned Air India paid Rs 8 crore.
In an exclusive interview fuelled by wine and cigars, Vijay Mallya puts up a spirited defence of Kingfisher Airlines and says two rivals are trying to ground him.