A bench headed by Justice A K Patnaik said the case will now be heard in April and issued notices to lenders led by the State Bank of India (SBI) seeking their responses to the petitions of industrialist Vijay Mallya-led United Breweries Holdings Ltd and UK distiller Diageo Plc.
Advocate appearing for SBI also alleged in the court that there was "gross under-valuation" of shares of United Spirits in the deal with Diageo.
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