Tribunal stops Diageo from paying Mallya
Bengaluru : In a setback to industrialist Vijay Mallya, the Debt Recovery Tribunal (DRT) on Monday ordered British liquor major Diageo plc not to pay him the $75 million (Rs.504 crore) agreed as a severance package to quit its Indian arm United Spirits Ltd till the case against him before it is decided.
 
"The presiding officer of the tribunal (R. Benkanahalli) ordered temporary attachment of the severance package amount and directed Diageo not to pay it till our case is finally heard and disposed of," a SBI counsel told reporters here. 
 
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Comments
manoharlalsharma
1 decade ago
the accused in the given episode claim that there r 11 lac crore NPA and there r more loan taken then this tycoon but only to made him a POSTER BOY.is a big black mark on SYSTEM.only for 7000 crore?
Mohan Krishnan
1 decade ago
It is only temporary attachment till the case takes unexpected twist.
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