Court allows sale of Mallya's shares worth Rs 1000 cr; liquidator to sell 7.4 mn UBL stocks

In a serious step to partially recuperate excellent dues from Vijay Mallya, a PMLA courtroom Tuesday rejected United Breweries Holdings’ plea to remain the proposed sale of shares price round Rs 1,000 crore of its erstwhile subsidiary United Breweries (UBL) by a court-appointed liquidator. Particular choose MS Azmi rejected their plea on the bottom that the courtroom could not have the powers to grant a keep on the proposed sale.

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