Former employees of defunct Kingfisher Airlines will finally receive long-pending dues worth about Rs 312 crore, more than 12 years after the airline shut operations in 2012.
The Enforcement Directorate (ED) has released the amount to the official liquidator following an order by the Debts Recovery Tribunal in Chennai.
The funds were recovered from the sale of assets attached during investigations against the airline and its promoter, Vijay Mallya. The payout will cover unpaid salaries, provident fund contributions and other statutory benefits, bringing long-awaited relief to thousands of former staff.