Weeks before a London extradition hearing, Vijay Mallya faces a second legal battle after Diageo sued to recover a $40 million payment made when he was ousted from United Spirits last year. Diageo filed the suit in London on Tuesday after setting out the grievances in its annual report in August.
Vijay Mallya has been persuaded to step down from the United Breweries Ltd board and he will propose a successor following a Securities and Exchange Board of India (Sebi) order that’s made him ineligible to be director of any listed company, several people close to the development said.
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