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Kingfisher Airlines dues: Service Tax Dept seeks its share from banks' pie

Unable to recover over Rs 50 crore dues from Kingfisher Airlines, the services tax department has moved courts to get a share from sale of securities being undertaken by lenders

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Unable to recover over Rs 50 crore dues from Kingfisher Airlines, the services tax department has moved courts to get a share from sale of securities being undertaken by lenders.

"What we are pleading to the court is that whatever money bankers will get from the sale of shares and properties of the airline, we should also be given our dues," Services Tax Commissioner Sushil Solanki told reporters on the sidelines of a FICCI event here.

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