{"id":340824,"date":"2020-03-07T11:05:25","date_gmt":"2020-03-07T05:35:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340824"},"modified":"2020-03-07T11:37:12","modified_gmt":"2020-03-07T06:07:12","slug":"kingfisher-airlines-case-hc-dismisses-united-breweries-appeal-against-winding-up-order","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/kingfisher-airlines-case-hc-dismisses-united-breweries-appeal-against-winding-up-order\/","title":{"rendered":"Kingfisher Airlines case: HC dismisses United Breweries\u2019 appeal against winding-up order"},"content":{"rendered":"<p>In yet another setback for liquor baron Vijay Mallya, the Karnataka High Court on Friday dismissed an appeal filed by United Breweries (Holding) Ltd, the 102-year-old parent company of the UB Group, against the winding-up order passed in February 2018 for its failure to pay admitted liabilities to unsecured and secured creditors, including banks, per the corporate guarantees extended to Kingfisher Airlines Ltd. <\/p>\n<p>A Division Bench comprising Justice Alok Aradhe and Justice Ravi V Hosmani passed the order while upholding the winding-up order passed by a single-judge Bench. <\/p>\n<p>The winding-up order was passed on the petitions filed by unsecured creditors and suppliers, such as IAE International Aero Engines AG, Rolls-Royce &amp; Partners Finance Ltd, London, and BNP Paribas, France, and secured creditors \u2014 a group of banks led by SBI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In yet another setback for liquor baron Vijay Mallya, the Karnataka High Court on Friday dismissed an appeal filed by United Breweries (Holding) Ltd, the 102-year-old parent company of the UB Group, against the winding-up order passed in February 2018 for its failure to pay admitted liabilities to unsecured and secured creditors, including banks, per the corporate guarantees extended to Kingfisher Airlines Ltd. A Division Bench comprising Justice Alok Aradhe and Justice Ravi V Hosmani passed the order while upholding the winding-up order passed by a single-judge Bench. The winding-up order was passed on the petitions filed by unsecured creditors [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-340824","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340824"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340824\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}