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Court orders winding up of United Breweries Holdings

Court orders winding up of United Breweries Holdings

Wednesday, February 8, 2017, 11:38 AM

Karnataka High Court has ordered the winding up of United Breweries Holdings Ltd, which is the parent Company of UB Group. The court believes United Breweries Holdings Ltd, must be wound up for failing to repay their creditors. This is a major jolt to liquor baron Vijay Mallya. BNP Paribas, SBI, Rolls Royce and IAE have moved the court to get back their dues.
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