Profit

Not Yet, Vijay Mallya. $75 Million Settlement From Diageo Is Stopped | Read

PUBLISHED ON: March 7, 2016 | Duration: 2 min, 22 sec

   
loading..
A tribunal today temporarily halted a $75 million settlement to be paid by spirits giant Diageo to liquor baron Vijay Mallya, after he resigned as chairman of Diageo unit United Spirits. The court - the Debt Recovery Tribunal (DRT) - ruled in favour of a group of creditor banks, owed money by Mr Mallya's now-defunct Kingfisher Airlines, and who had argued they had the "first right" to the Rs 515 crore exit payment from Diageo.
ALSO WATCH
Want P Chidambaram's Custody In Aircel Maxis Case, Says Probe Agency

................................ Advertisement ................................

................................ Advertisement ................................