Uited Bank of India today declared Kingfisher Airlines and its promoter Vijay Mallya as 'wilful defaulter, reports said.
Mallya was declared as a wilful defaulter over Kingfisher Airlines not paying back its loans. This could also mean that the once-flamboyant industrialist may lose his chair on the board of United Breweries and United Spirits Limited, given that the two companies are currently controlled by Diageo and Heineken.
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