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Vijay Mallya-linked companies face Diageo's enforcement steps

Aug 06, 2019 - The Economic Times

Mumbai: Diageo will pursue enforcement steps against a company linked to Vijay Mallya and another that holds assets in trust for him, for allegedly failing to pay more than $146 million (about ?1,020 crore) to the British firm by June 21 as ordered by a UK court.The maker of Johnnie Walker whiskey and Smirnoff vodka claimed Mallya, his son Sidhartha and two companies - Watson Ltd and Continental Administration Services (CASL) - were liable to repay a loan that its Diageo Holdings Netherlands (DH...