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7 Feb 2017 3:57pm

Karnataka HC orders winding up of United Breweries to recover dues of Mallya-owned Kingfisher Airlines

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In a fresh blow to Vijay Mallya, Karnataka High Court on Tuesday ordered winding up of United Breweries Holding Limited in a case relating to recovery of dues from Vijay Mallya's Kingfisher Airlines. 

As per reports, UBHL holds 11.46 percent stake in United Breweries and 2.9 percent stake in United Spirits. Vijay Mallya holds 52.34 percent stake in UBHL. Karnataka HC gave the order following plea filed by SBI, BNP Paribas and others for recovering their dues from Mallya. 

 

Source: ZeeNews

 


Tagged: Vijay Mallya Karnataka High Court United Breweries Holding Limited
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