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Vijay Mallya's Legal Proceedings In India Now Troubling His US Beer Firm

US-based Mendocino Brewing banking on $1 million bridge loan from UBHL United Breweries Holding is holding firm of Vijay Mallya-led UB Group In March quarter, Mendocino suffered a net loss of $637,100

Vijay Mallya received a pay package of over Rs 1.7 crore in 2015 from US-based Mendocino Brewing Company.
Vijay Mallya received a pay package of over Rs 1.7 crore in 2015 from US-based Mendocino Brewing Company.
New York/London: Legal proceedings in India against beleaguered businessman Vijay Mallya have now come to haunt his US-based brewery firm, which is banking on a $1-million bridge loan promised by his holding firm for survival. "Vijay Mallya, the company's Chairman and indirect majority shareholder, is presently subject to certain legal proceedings in India, which may impair the company's ability to obtain financing from UBHL (United...
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