Siddharth Mallya steps down as UBHL Director

Siddharth Mallya steps down as UBHL Director
Highlights

Amid growing clamour for recovering over Rs 9,000 crore dues to banks by now-defunct Kingfisher Airlines, Vijay Mallya-led United Breweries (Holdings) Ltd on Friday said its non-executive, non-independent director Siddharth V Mallya has vacated the office of director with effect from March 31.

New Delhi : Amid growing clamour for recovering over Rs 9,000 crore dues to banks by now-defunct Kingfisher Airlines, Vijay Mallya-led United Breweries (Holdings) Ltd on Friday said its non-executive, non-independent director Siddharth V Mallya has vacated the office of director with effect from March 31.

This development comes days after Mallya, who is believed to be in the UK, took to Twitter to ask people not to target his son Siddharth. "In terms of the provisions of the Companies Act, 2013, Sidhartha V Mallya, a Non-Executive, Non-Independent Director of the Company has vacated the office of Director w.e.f. March 31, 2016," UBHL said.

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