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UBHL News

16 Nov 2017

Sebi attaches bank, demat, MF accounts of Mallya's UBHL

The decision has been taken after UBHL failed to pay the fine imposed on it.

28 Feb 2017

Vijay Mallya PMLA case: Court nod to ED to attach Rs 4200 crore assets

A special court here has confirmed the Enforcement Directorate order to attach Rs 4,200 crore assets of liquor baron Vijay Mallya and others, paving the way for their confiscation by the agency.

07 Feb 2017

Karnataka HC gives verdict to close UBHL

29 Sep 2016

'Genuine' biz failure of Kingfisher now a 'nightmare': Vijay Mallya

Beleaguered liquor baron Vijay Mallya on Thursday said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.

18 Sep 2016

Vijay Mallya in "full control" even after moving to UK: UB Group

Beleaguered businessman Vijay Mallya remains in "full control" even after relocating to UK, his UB group's holding firm United Breweries Holdings Ltd has said while disclosing remuneration totalling Rs 1.6 crore.

25 Jul 2016

Vijay Mallya's loan default case: DRT to resume hearing on UBHL's plea countering banks

The Debt Recovery Tribunal in Bengaluru will resume its hearing Monday on the application filed by UBHL and Vijay Mallya seeking cross-examination the "shady" documents submitted by the consortium of bankers with regard to Rs 6,000 crore, which allegedly did not even have the seals of the parties.

loan default case

03 Jun 2016

Diageo Holdings Netherlands files interlocutory application before the Debt Recovery Tribunal

After British liquor giant Diageo Plc, Diageo Holdings Netherlands today filed an interlocutory application before the Debt Recovery Tribunal seeking vacating of DRT's order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit buyout by it under a deal till disposal of SBI's case against him over loan default.

United Breweries (Holdings) Ltd

24 May 2016

UBHL seeks time till July to file results due to Mallya cases

United Breweries (Holdings) Ltd (UBHL) has sought time till July to file results for the last fiscal due to "uncertainties" resulting from ongoing cases against its Chairman Vijay Mallya.

22 May 2016

Vijay Mallya's India woes now troubling his US beer firm

Legal proceedings in India against beleaguered businessman Vijay Mallya has now come to haunt his US-based brewery firm, which is banking on USD 1 million bridge loan promised by his holding firm for survival.

21 Apr 2016

DRT to resume hearing on banks' plea countering UBHL'S claims

The Debt Recovery Tribunal on Thursday will resume hearing on counter objections filed by SBI-led consortium of banks against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.

13 Apr 2016

SBI-led consortium files counter to UBHL claim of Rs 594 crore

A consortium of banks led by State Bank of India Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'.

25 Mar 2016

Vijay Mallya case: HC adjourns United Breweries winding-up petition to April 11

22 Mar 2016

ECL Finance invokes 7.05 lakh pledged UBL shares

In a BSE filing today, UBL said ECL Finance had invoked 7.05 lakh shares, accounting for 0.27 per cent stake, on March 17.

16 Feb 2016

PNB declares Vijay Mallya-led United Breweries Holdings 'wilful defaulter'

Vijay Mallya-led United Breweries Holdings Ltd on Tuesday said it has been declared a "Willful Defaulter" by Punjab National Bank (PNB) and the company is consulting lawyers to challenge the decision.

13 Sep 2015

Could lose title to 1cr shares of USL worth Rs 3K cr: Diageo

Diageo had purchased the shares amounting to 6.98 per cent stake in USL from UBHL as part the USD 3 billion deal in 2012 through which it had gained majority control in the Indian spirits maker.

United Breweries

24 Jul 2015

United Breweries Holdings Q1 net down 99.73% at Rs 2.15 crore

United Breweries (Holdings) Ltd (UBHL) on Friday reported a 99.73 percent fall in its net profit at Rs 2.15 crore for the first quarter ended June 30, 2015 on account of lower sales and exceptional item reported in the corresponding period last year.

26 Apr 2015

Diageo asks Mallya to quit USL board; alleges fund diversion

However, Mallya refused to resign and said the inferences and allegations are unjustified and false.

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