aACoeIn an affidavit filed by Manmohan Singh Kapur, erstwhile director of UBHL
, he stated that UBHL
is keen on settling the debts owed to the banks.
, which has ordered by the Karnataka High Court to be wound up, had failed to report its quarterly results for the three months ended December 31, 2016 and March 31, 2017, respectively.
In a video message to shareholders at the annual general meeting of United Breweries Holdings Ltd ( UBHL
), Mallya alleged, `` I have been accused of stealing and siphoning off Rs 6,000 crore out of the Kingfisher Airlines without any legal basis, whatsoever.'' `` As its part of concerted efforts to make a poster boy of bad loans and financial crime, the government continues to attach properties and threaten other forms of action, all of which, I assure you, my dear friends, will be contested in the courts of law,'' he claimed.
New Delhi [India], Aug 18 ( ANI ): The Prevention of Money-Laundering Act (PMLA) Appellate Tribunal on Saturday released the attachment on flats owned by bona fide purchasers in the 'Kingfisher Towers', which had been attached by the Enforcement Directorate (ED) in relation to fugitive liquor baron Vijay Mallya/ United Breweries Holding Limited (UBHL
and myself have filed an application before the Hon'ble Karnataka High Court on June 22, 2018, setting out available assets of approximately Rs.
Giving details of the remuneration paid to the directors, UBHL
has disclosed fees totalling Rs 3.2 lakh to Mallya for attending board or committee meetings.
What miffed Diageo more was that the Rs 1,337-crore loan to UBHL
may be hard to recover as it is a loss-making company with a market cap of just Rs 145 crore.
Last week, UBHL
moved the Bombay high court to restrain the banks from selling shares that guarantee KFA loans.
Under the terms of the agreement, Diageo is buying 19.3% in USL at INR1,440 a piece from United Breweries (Holdings) Ltd (BOM:507458), or UBHL
, the USL Benefit Trust, Palmer Investment Group Limited, UB Sports Management and SWEW Benefit Company.
He also said, "UBHL
and myself have filed an application before the Karnataka High Court on June 22, 2018, setting out available assets of approximately Rs.
The court also issued summons to Mallya's firms, Kingfisher Airlines (KFA) and United Breweries Holdings Limited (UBHL
), before adjourning the hearing in the case to July 30.