This is the week that Kingfisher feared was coming

Kingfisher Airlines is this week facing fresh renewed pressure from lenders and other companies with whom it finds itself indebted to. The difference this week from others before it is that lenders are to meet to ensure that at least some of the securities and guarantees are invoked. These measures are likely to be taken now as it seems clear to them that Indian government approval of foreign direct investment in airlines is not around the corner. In fact Kingfisher Airlines is yet to repay debts due after some of the guarantees issued by banks were invoked by other agencies