United Breweries Holding Limited, which owns Kingfisher, has filed an application before the Karnataka high court seeking permission to pay Rs 13 crore towards one month's salary to employees of the grounded airline. “In view of the fact that Rs 379.75 crore is available in the fixed deposit, the applicant seeks leave of this court to pay an amount of Rs 13,07,14,523 being the quantum of one month's salary of 2,126 employees of Kingfisher Airlines for the month of August 2012, from out of the said amount in the deposit," UBHL stated in its application.
Read the Economic Times news report here.
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