New Delhi: The Delhi High Court today said that Punjab National BankBSE -1.70 %, which has served a notice on Kingfisher Airlines alleging that it has willfully defaulted in payment of dues of over Rs 770 crore, should give to the carrier copies of documents relied upon by the bank.
A bench of Justice Vibhu Bakhru, which later decided to hear the matter tomorrow again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
The counsel for PNB said that airline had been provided with the copy of the loan and other related documents at the the initial stage itself and the demand of the relied upon documents now is a just "ploy" to delay the recovery proceedings.
"In any proceedings, you will have to supply the documents, to be relied upon in drawing an adverse inference, to the other side," the court said.
Earlier, the airlines had moved the court against PNB's notice alleging the carrier has willfully defaulted in payment of outstanding dues of over Rs 770 crore.
27/08/14 PTI/Economic Times
To Read the News in full at Source, Click the Headline
A bench of Justice Vibhu Bakhru, which later decided to hear the matter tomorrow again, also said that the ailing airlines can be allowed to be represented by a lawyer in the proceedings to be conducted by the PSU bank against it.
The counsel for PNB said that airline had been provided with the copy of the loan and other related documents at the the initial stage itself and the demand of the relied upon documents now is a just "ploy" to delay the recovery proceedings.
"In any proceedings, you will have to supply the documents, to be relied upon in drawing an adverse inference, to the other side," the court said.
Earlier, the airlines had moved the court against PNB's notice alleging the carrier has willfully defaulted in payment of outstanding dues of over Rs 770 crore.
27/08/14 PTI/Economic Times
