United Breweries is the manufacturer of Kingfisher, India’s top-selling lager.
Mallya is being probed by the ED and the CBI in connection with an alleged Rs 9,000 crore bank fraud linked to the operations of Kingfisher Airlines
On Wednesday, the ED had said the banks had "recovered" Rs 1,357 crore by a similar sale of shares in the case against Mallya
According to ED, Vijay Mallya, Nirav Modi have defrauded PSBs by siphoning off the funds which resulted in total loss of Rs 22,585.83 crore to banks
As of date, the agency has attached total assets worth Rs 18,170.02 crore in these two bank fraud cases
IDBI Bank has secured a $239 million judgment in the commercial division of the High Court of London against a Cypriot subsidiary of India-based Essar
A consortium of 17 banks that gave Vijay Mallya loans, led by State Bank of India, had sought restoration of his properties seized by the ED