Mallya case: Diageo Holdings Netherlands files interlocutory plea

After British liquor giant Diageo Plc, Diageo Holdings Netherlands on Friday filed an interlocutory application before the Debt Recovery Tribunal, seeking vacating of DRT’s order barring liquor baron Vijay Mallya from withdrawing $75 million exit buyout by it under a deal till disposal of SBI’s case against him over loan default.

All parties, including Kingfisher, Diageo Plc and UBHL, pleaded before the Tribunal to take up their applications on a priority basis. “The Tribunal will decide which applications should be heard on priority basis and also set a timeline for disposing all pending applications,” DRT presiding officer Benakanahalli said and posted the next hearing on June 7. On Thursday, Diageo Plc had filed the interlocutory application seeking vacating of DRT’s March 7 order.