Bangalore, Oct. 9:
UB Group Chairman Vijay Mallya and Allied Blenders and Distillers (ABD)
Chairman K.R. Chhabria have decided to settle all litigations pending in
various judicial forums in the country.
A press statement from ABD said Chhabria and Mallya have reached an
agreement to settle out of court all pending litigations.
This brings to an end the 20-year-old dispute between KRC Group of
Companies, and erstwhile Shaw Wallace Group of Companies, which is now part of
Vijay Mallya-controlled United Spirits Ltd.
The consent terms signed by the two companies were filed in the Kolkata
High Court today.
http://www.thehindubusinessline.com/todays-paper/tp-corporate/article3982250.ece
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