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HC orders winding-up of United Breweries on its failure to discharge dues of Kingfisher Airlines

February 8, 2017[2017] 78 80 (Karnataka)/[2017] 140 SCL 256 (Karnataka)

CL : Where on basis of financial reports it was evident that respondent company United Breweries (Holdings) Ltd.(UBHL) was commercially insolvent and had failed to discharge its admittedly liability towards petitioning creditors, including banks and other financial institutions it had rightly been ordered to be wound up

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