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

Team SoOLEGAL 7 Feb 2017 3:57pm

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

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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