TEAM HERALD
teamherald@herald-goa.com
PANJIM: UB Group’s legal team on Friday moved the senior civil judge ‘A’ court, Mapusa, in response to SBICAP Trustee Company’s attempt to take possession of the Kingfisher Villa at Candolim, it was reported.
The notice from SBICAP, a wholly-owned subsidiary of SBI Capital Markets, apparently came after Kingfisher Airlines reportedly failed to pay Rs 6,027 crore to the firm. The guarantors to the loan are United Breweries (Holdings) and Vijay Mallya himself.
The court ordered the creditors to maintain status quo and restrained them from “dispossessing” or “interfering” with the property.
A UB Group spokesperson said, “The court injunction restrains banks from taking any action against KF Villa, Goa. This injunction was initially granted on April 26, 2013, and confirmed/continued by the court at subsequent hearings, including on Friday.”
Today being a holiday, neither of the parties were abailable for their comments.
