Reporter's Notebook: KFA takes lender to court
  • 6 years ago
Fourteen banks last week sent recovery notices to UB Group promoter Vijay Mallya over non-payment of dues. They also filed a petition against Kingfisher and UB Group. Now, Vijay Mallya has moved court seeking to stop the banks from selling their pledged shares. Mint's P.R. Sanjai explains the implication of this move by Mallya.