ED Unlocks Rs 311 Crore for Kingfisher Ex-Staff After Years of Legal Battle - News Summed Up

ED Unlocks Rs 311 Crore for Kingfisher Ex-Staff After Years of Legal Battle


The Enforcement Directorate has facilitated the release of Rs 311.67 crore to cover long-pending dues for former employees of the defunct Kingfisher Airlines. In response, ED provisionally attached assets worth Rs 5,042 crore under PMLA and another Rs 1,694.52 crore under CrPC provisions. These actions built an asset pool that later enabled massive restitutions, including Rs 14,132 crore back to the SBI-led consortium. A Special Court approved the release of these properties via DRT Bengaluru’s Recovery Officer upon SBI consortium applications under Section 8(8) of PMLA. That pool directly funded the current Rs 311.67 crore employee payout.​DRT Chennai Order Triggers Long-Awaited Employee Relief:


Source: Indian Express December 19, 2025 13:29 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */