United Bank serves wilful defaulter notice on Mallya

May 29, 2014 11:41 pm | Updated October 18, 2016 02:17 pm IST - KOLKATA:

United Bank of India (UBI) has served ‘wilful defaulter’ notices to Vijay Mallya and other directors of the Kingfisher Airlines (KFA). The notices were served on Wednesday, a senior official of UBI said.

If declared a wilful defaulter, the person would not be able to borrow in future and lose director-level positions in companies.

To a query on the bank’s exposure to the group, he said this was a few hundred crores, declining to elaborate further.

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