Monday, 7 March 2016

Vijay Mallya case: Diageo sweetheart deal off for now; DRT offers just a minor relief for SBI

The interim order of Bangalore Debt Recovery Tribunal (DRT) on Monday, preventing Vijay Mallya from withdrawing his $75 million (Rs 500 crore) from Diageo, on a case filed by State Bank of India (SBI), the largest lender in the 17-lenders consortium to Kingfisher, is a minor relief for the bank, but no way a victory.
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