Mallya, Chhabria patch up finally

rch rivals Vijay Mallya, Chairman UB group, and Kishore R. Chhabria, Chairman Allied Blenders and Distillers Private Ltd. (ABD), have buried the hatchet and decided to settle all litigations pending in various judicial forums in the country, thus ending a two-decade-old rivalry.

As part of the settlement, Mr. Mallya has managed to get Rs.8 crore from ABD as one-time fee for the latter’s Officer’s Choice Whiskey.

“Kishore Chhabria-controlled Allied Blenders and Distillers Private Ltd. and Vijay Mallya-controlled United Spirits Ltd (USL) reached an agreement to settle out of court all pending litigations,” ABD said in a statement.

Now, both the parties have agreed to withdraw all allegations made against each other in the court proceedings.

The consent terms signed by the two companies were filed in the Kolkata High Court on Tuesday.

Expressing satisfaction over the settlement Mr. Kishore Chhabria said in a statement that even though he was confident that these litigations held no risk for either Officer’s Choice or the company but with the settlement he would be free from all legal activities and would be able to fully focus on developing the company to its full potential.

http://www.thehindu.com/todays-paper/tp-business/mallya-chhabria-patch-up-finally/article3982810.ece