Kingfisher Airlines' promoter Vijay Mallya's woes seem to see no end in sight. As United Spirits ' much-awaited deal with Diageo is nearing fruition, one of the final hurdles on the way is the winding up petition that eight creditors have filed against the company. These creditors, including BNP Paribas, Rolls Royce and Wells Fargo Bank have filed the petition against UB Holdings in the Karnataka High Court.
The creditors are alleging that the company owes them over Rs 300 crores while UB Holdings has sought the court's permission for the stake sale to Diageo.
27/04/13 moneycontrol.com
