British liquor giant Diageo Plc today filed an interlocutory application before the Debt Recovery Tribunal seeking vacating of DRT's March seven order barring liquor baron Vijay Mallya from withdrawing USD 75 million exit buyout by it under a sweetheart deal till the disposal of SBI's case against him over loan default.
Other two defendants, United Breweries (Holdings) Limited and Kingfisher Airlines Limited also filed interlocutory applications.
UBHL has filed the application for producing evidence and Kingfisher for submitting objections to all the facts pertaining to the case.
After filing of interlocutory applications by Diagio, UBHL and Kingfisher, DRT Presiding Officer Benakanahalli posted the matter for next hearing tomorrow.
The Presiding officer also said since the Supreme Court had ordered DRT to complete the hearing in two months, the hearing of the case will be taken up on a daily basis.
"The Supreme Court, in its order, had directed the Tribunal to complete the hearing in two months time and hence the Tribunal will conduct the hearing on daily basis," Benakanahalli said.
DRT had barred Mallya from withdrawing USD 75 million exit payment from Diageo till the disposal of the case over the loan default by Kingfisher Airlines.
It had also restrained Diageo and United Spirits Limited, owned by the UK-based firm, from temporarily disbursing the amount to Mallya who worked out the deal under a severance package.
However, a sum of USD 40 million of the USD 75 million severance package deal had already been disbursed, following which the bankers' consortium had prayed for directions from the Tribunal to attach the amount before it.
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