STOCK MARKET BSE NSE

Liquidator not aware of UBHL assets

The counsel made this submission before a division bench during the hearing of an appeal filed against the order passed to close UBHL, the corporate guarantor of Kingfisher Airlines Ltd. 

Published: 20th March 2019 06:25 AM  |   Last Updated: 20th March 2019 06:25 AM   |  A+A-

By Express News Service

BENGALURU:  Thecounsel for the consortium of banks on Tuesday informed the HC that the Official Liquidator (OL) is not aware of the details of the assets of the United Breweries (Holding) Company Ltd, though the order on winding up the company was passed in February 2017 itself. 

The counsel made this submission before a division bench during the hearing of an appeal filed against the order passed to close UBHL, the corporate guarantor of Kingfisher Airlines Ltd. This was to recover the amount from UBHL and Vijay Mallya, who are the guarantors, to pay the dues to KAL.
 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp