PREDICTING FINANCIAL DISTRESS OF FIRMS. A STUDY ON BANKRUPTCY OF KINGFISHER AIRLINES

This paper involves a study of bankruptcy of Kingfisher Airlines and financial health of UB Holdings. Many Indian banks kept on giving loan to Mr. Vijay Mallya's Kingfisher Airlines and UB Holdings Ltd. considering his reputation as an eminent Businessman and Politician. We will attempt to study if it was possible for Kingfisher Airlines to run smoothly; will also study reasons behind bankruptcy and will see if it was possible for banks to assess creditworthiness and could banks have abstained from giving credit to Mr. Vijay Mallya and his companies. We will study reasons behind failure of Kingfisher Airlines.