United Spirits Ltd., United Breweries Holding Ltd. And Vijay Mallya Are Separate Entities: Sr. Advocate P Chidambaram

United Spirits Limited (USL) argued before the Karnataka High Court that despite the fact that USL has repaid the entirety of its loan from IDBI, the bank is incorrectly refusing to release the securities. The bank is maintaining that it is holding the securities (in the form of shares) on the ground that loans taken by Kingfisher Airlines Limited remain unpaid. The court was hearing a...