SAMVAD: International Journal of Management

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The case attempts to explore the loopholes in the system which allowed Vijay Mallya who lived a flamboyant life, was a member of the Rajya Sabha and the chairman of a giant company, to flee from India even when Kingfisher Airlines was grounded (Kingfisher Airlines founded in 2005 went bust in 2012 and Kingfisher Red founded in 2009 went bust in 2014), staff was unpaid, and liabilities had mounted to around ⒡ 9000 crore. The case can be used in a business ethics class. It can be used to explain the finer intricacies of the Business Entity Concept. It can also be used for explaining the guidelines used by banks in order to advance loans to companies, and the effects of not following the guidelines. The case can be used for explaining the concepts of lien and pledge. It can also be used for demonstrating that during the campus-placements sessions the students should not be swayed by brand names and/or hefty pay-packages.

Keywords

Business Ethics, Financial Institutions, Provident Fund, Ex Gratia.
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