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
RBI गवर्नर उर्जित पटेल का इस्तीफा और विजय माल्या के प्रत्यर्पण के आदेश

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

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