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One of the biggest legal battles in the Indian liquor industry may be see closure soon. CNBC-TV18 learns that United Spirits (USL) and Kishore Chhabria led Allied Distillers and Breweries may be set to settle their dispute over Officer's Choice out of court. Officer's Choice is the flagship brand of Kishore Chhabria's privately held Allied Blenders & Distillers Private Ltd (ABD).
As per the settlement, USL will cede all claim over Officers Choice.
It may be remembered that USL has been pursuing case against ABD in Calcutta High Court over Officer's Choice brand, claiming it is owned by Shaw Wallace which USL acquired in 2005.
Both USL and ABD refused to comment.
Also read: United Spirits at 20-month high on stake sale hope
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