The debt-ridden airline owes around ₹6,400 crore to a consortium of lenders led by State Bank of India, including payment of dues to UBI of nearly ₹350 crore.
In December last year and January this year, SBI and a UK-based aviation service firm, Aerotron, filed petitions on KFA claiming due of ₹6,203 crore and ₹37 crore, reports the Financial Express.
The eight-year-old airline had shut down its operations on 20 October 2012 as the Directorate General of Civil Aviation (DGCA) suspended its flight certificate.
In February 2012, it received a notice from Airports Authority of India regarding dues of ₹2551 million. Since the last six months, it was operating on a cash-and-carry basis.