Diabytes
Kingfisher Ailrines News
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The Ethics Committee of Parliament is set to recommend the expulsion of Independent MP and liquor baron Vijay Mallya even after his tendering resignation from the membership of the Upper House yesterday.
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As part of their agreement Diageo agreed to pay Mallya, USD 75 million for stepping down as Chairman of United Spirits and for entering into a non-compete pact.
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Asked about the Debt Recovery Tribunal`s (DRT) March 7 order to it not to pay Mallya any part of the severance package till its next hearing on March 28, King said the company was yet to receive such an order.
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