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SEBI attaches bank, demat and MF accounts of Vijaya Mallya UBHL

Thu, Nov 16, 2017, 04:26 PM
Securities and Exchange Board of India (SEBI) has attached all the bank, demat and mutual fund accounts of loan defaulter, Vijaya Mallya's firm, United Breweries Holdings Ltd. (UBHL). In an attachment notice dated November 13th, SEBI has directed banks, depositories and mutual funds, not to allow any debts from the accounts of UBHL. Further, SEBI has notified attachment of all bank accounts and lockers of the defaulter. It warned that he might dispose of the amounts and it might difficult to realise them later.
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