Vijay Mallya’s Lavish Lifestyle Delaying Loan Settlement, Karnataka High Court Rules In Favour Of Diageo Over UBL Shares
Mumbai: The Karnataka High Court has observed that businessman Vijay Mallya’s extravagant lifestyle and personal indulgence appear to be delaying the closure of loan recovery proceedings linked to the now-defunct Kingfisher Airlines. According to a Bar and Bench report , the court made these remarks while ruling in favour of Diageo Holdings Netherlands BV in a dispute involving shares of United…
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