SC to hear Zuari Agro plea on Rs 20 cr deposit in Mallya's UB group firm

The Supreme Court agreed to hear on February 20 the plea of Zuari Agro Chemicals, which had advanced Rs 20 crore as inter-corporate deposit (ICD) in 2012 to a United Breweries (UB) group firm in which fugitive Vijay Mallya has stakes. ZACL has challenged in the apex court the Karnataka High Court's January 28 order which stayed a lower court's interim decision asking Mcdowell Holdings, a UB group firm, not sell or alienate its shares of other group firms.