The Supreme Court on Friday asked the Karnataka High Court to wrap up hearing, preferably within six months, appeals filed by United Breweries Holdings Ltd (UBHL) and Vijay Mallya, the former chairman of the now defunct Kingfisher AirlinesNSE -11.11 %, against the lower court’s order directing UBHL to be wound up to pay off Kingfisher’s dues.
UBHL was the guarantor of loans to Kingfisher.
In February 2017, the Karnataka High Court ordered that UBHL should be wound up and its assets used to pay off Kingfisher’s debts.
UBHL and Mallya had appealed against the order to a division bench of the court. They had also sought a stay on the liquidation of assets till a final adjudication on the issue. The matter has been pending before the High Court.