Uited Bank of India today declared Kingfisher Airlines and its promoter Vijay Mallya as 'wilful defaulter, reports said.

Mallya was declared as a wilful defaulter over Kingfisher Airlines not paying back its loans. This could also mean that the once-flamboyant industrialist may lose his chair on the board of United Breweries and United Spirits Limited, given that the two companies are currently controlled by Diageo and Heineken.

For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive