Vijay Mallya-linked UBHL pleads with Karnataka HC not to shut down company
UBHL deserves to be wound up for "failure to discharge" their duties to pay up their creditors, Justice Vineet Kothari had said in his order on petitions by banks and aircraft lessors.
Liquor baron Vijay Mallya-linked UBHL has pleaded before the Karnataka High Court not to wind up the company to clear the debts related to his defunct Kingfisher Airlines Limited. Image source: Reuters