Security nod given to appoint director in Kingfisher: HC told

Security nod given to appoint director in Kingfisher: HC told

FPJ BureauUpdated: Saturday, June 01, 2019, 09:52 AM IST
article-image

New Delhi: Decks have been cleared for appointment of a second director to the board of the ailing Kingfisher Airlines which currently has only Vijay Mallya at the helm, the Centre today informed the Delhi High Court. The Ministry of Civil Aviation told a bench of justice Vibhu Bakhru that the Ministry of Home Affairs has given security clearance to advocate Lalit Bhasin to appoint him as a director. Kingfisher had moved the high court saying its March 2012 plea seeking security clearance for Bhasin has been pending, subsequent to which the Centre was asked why no decision had been taken on the application.

RECENT STORIES

Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
RBI Could Cut Interest Rates Further If India–US Trade Deal Is Delayed, Says Goldman Sachs
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
Rupee Falls To 92 Against Dollar, Imports & Foreign Spending Get Costlier While Exporters See Relief
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets
DCCDL Q3 Rental Income Jumps 18% To Rs 1,412 Crore, Strong Demand Boosts Office & Retail Assets