The Supreme Court on Monday dismissed a plea filed by United Breweries Holdings Limited (UBHL) of liquor baron Vijay Mallya against an order of the Karnataka High Court upholding the winding up of the firm for recovery of dues payable by Kingfisher Airlines Ltd.
A bench comprising justices UU Lalit, Vineet Saran and S Ravindra Bhat refused to entertain the plea of the UBHL against the March 6 order of the high court.
The division bench of the high court had upheld the winding up order passed by a single judge on February 7, 2017.
Senior Advocate Mukul Rohatgi, appearing for the consortium of banks led by the SBI, submitted that so far around Rs 3,600 crore have been recovered but Rs 11,000 crore was still to be recovered from Mallya and the UBHL.
