United Breweries: McDowell shareholders, creditors clamor for Rs 920 cr UB shares

[ad_1] Mumbai: There is a fight going on between the shareholders of and lender Control of a company that is worth hundreds of crores Rupees Amidst allegations of attempts by fugitive borrower Vijay Mallya by proxy to reclaim the entity which was once a holding company for various businesses of his family. shareholders of McDowell Holdings has decided to invoke Section 12 of the Insolvency and Bankruptcy Code to pay ₹16.8 crore dues to Sunstar Hotels and Estates for refusing to accept payment by the creditor as part of settlement…