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Diageo challenges PMLA court's order on USL shares

Diageo challenges PMLA court’s order on USL shares SECTIONS Share Synopsis The British liquor major is challenging the PMLA court’s order that allowed last month the plea of the SBI-led consortium to restore to it Vijay Mallya’s properties collectively worth Rs 5,600 crore, including movable and immovable assets. The pledged properties also include shares of United Spirits. ThinkStock Photos Diageo Holdings Netherlands has challenged the order of a special Prevention of Money Laundering A...
United Kingdom Aabad Ponda Ashishk Singh Vijay Mallya Satish Maneshinde Johnnie Walker

Banks can now sell Mallya's Rs 5,646 cr properties, securities

Banks can now sell Mallya’s Rs 5,646 cr properties, securities SECTIONS Share Synopsis The assets including several floors of the UB City commercial tower in Bengaluru’s central business district and shares in United Breweries and United Spirits that Mallya had controlled are estimated to be valued at ₹5,646.54 crore. Agencies Mallya’s counsel had challenged the jurisdiction of the PMLA court in this case. A State Bank of India-led consortium can now move to sell certain real estate pro...
United Kingdom Vijay Mallya Diageo Holdings Netherland Mallya Watson Ltd India Formula Standard Chartered Bank

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