Mallya Case: Di­a­geo Files Ob­jec­tions Against DRT Or­der

The Economic Times - - Economy -

Bri­tish liquor giant Di­a­geo and two of its sub­sidiaries on Tues­day filed their ob­jec­tions in the Debt Re­cov­ery Tri­bunal against its last month or­der bar­ring liquor baron Vi­jay Mallya from with­draw­ing $75 mil­lion exit pay­out by it un­der a sweet­heart deal till the dis­posal of SBI’s case against him over loan de­fault. Af­ter sub­mis­sion of the ob­jec­tion copies by Di­a­geo, Di­a­geo Nether­lands and United Spir­its, owned by the UK-based firm, which are among the de­fen­dants, DRT Judge Be­nakana­halli posted the mat­ter for next hear­ing on April 13.


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