New Delhi, March 23 (IANS) The Ministry of Civil Aviation on Monday informed Parliament that a total of 11 airlines have shut down operations in India since 2016, mainly due to financial stress, lack of aircraft availability and internal issues.The information was shared in the Rajya Sabha in response to a question by Trinamool Congress MP Saket Gokhale.In its written reply, the ministry said that while the government is committed to building a strong and balanced aviation sector, airlines opera…
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Mumbai, Feb 18 (IANS) UK-based businessman Vijay Mallya on Wednesday informed the Bombay High Court that he is not in a position to specify when he would return to India. He cited restrictions imposed by courts in England that he said prevented him from leaving the country.The matter was heard by a Bench comprising Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad, in connection with two petitions filed by Mallya. One petition challenges his designation as a “Fugitive Economic Offen…
Mumbai, Feb 12 (IANS) UK-based businessman and alleged financial defaulter Vijay Mallya, on Thursday, got one last chance from the Bombay High Court to return to the country and submit to its jurisdiction if he wants Indian authorities to drop his “fugitive economic offender” tag. A bench led by Chief Justice Shree Chandrashekhar pulled up the fugitive businessman for seeking relief from an Indian court while remaining abroad.”If you do not return, we cannot hear your petition. You are evading t…