In a setback for the Kingfisher Airlines, the Supreme Court on Tuesday refused to restrain the Union Bank of India from declaring it a wilful defaulter. "Now that you have been declared a defaulter, you can challenge it in any court," the SC said.
The KFA had approached the SC saying that Union Bank of India be restrained from declaring KFA a wilful offender. The Bank had on Monday declared debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as wilful defaulters


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