I wouldn't worry too much... there isn't much point ! November sounds like a crunch time as they have to pay for a huge outstanding fuel bill apparently, however the owner sounded confident that all is well.
You can still book via Bangalore if you go on their web site and the price difference is small vs going via Mumbai, yet on Southall it's quite considerable ( It is still available on the Southall site if you check the higher priced options).
I decided to go with Qatar, not because of the ??? over Kingfisher but because it's easier by far for me to go to Manchester than Heathrow. Add that to the fact that there is a question about what happens to luggage on an internal flight, especially on the Bangalore run as they use smaller aircraft plus Mombai sounds like hard work too.
Kingfisher was dearer too but the planes look superb and the luggage allowance is incredible ! ( Maybe that's why the fuel bill is so high !!!!)
If you booked through Southall you are protected against any losses, as you would be if you paid by credit card so keep cool.
Hope all will be well for you
cheers
Dave