UB Group's Prakash Mirpuri Resigns

Mumbai: UB Group vice president for corporate communications Prakash Mirpuri has resigned after over seven years of association with the Vijay Mallya-led conglomerate, according to industry sources.

"UB Group Vice-President for Corporate Communications Prakash Mirpuri has put in his papers and is currently serving the notice period. He is expected to take up another assignment very soon," they told PTI.

Mr Mirpuri, who had moved to the UB Group in April 2007, had quit the company in July, but was persuaded by Mr Mallya to stay put, the sources said, adding, "However, this time round, his resignation has been accepted by the management."

Confirming the development, Mr Mirpuri said that he would be leaving the group on September 30.

"Yes, indeed. I have put in my papers at the UB Group and September 30 will be my last day here," Mr Mirpuri told PTI in response to a text message.

He said he would take up a new assignment soon, without divulging further details.

A text message sent to Mr Mallya did not elicit any response.

After United Bank of India declared Kingfisher Airlines, promoter Vijay Mallya and three other directors as wilful defaulters, State Bank of India (SBI) had recently sent a notice to tag them in this regard. Some other banks are also in the process of doing the same.

Debt-ridden Kingfisher Airlines has contested UBI's decision to declare it as a wilful defaulter.