Have assets worth â¹12,400 cr, can clear dues: Mallya's firm
Vijay Mallya's United Breweries Holdings (UBHL) has told the Karnataka High Court that current valuation of its assets is worth â¹12,400 crore and that can clear all dues of the company. UBHL, which is the corporate guarantor for loans raised by now defunct Kingfisher Airlines, said the amount would also cover defaulted loan of over â¹6,000 crore by the airline.