Mallya's son Sidhartha steps down as UBHL director
April 01, 2016  17:14
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Amid growing clamour for recovering over Rs 9,000 crore dues to banks by now-defunct Kingfisher Airlines, Vijay Mallya-led United Breweries (Holdings) Ltd today said its non-executive, non-independent director Sidhartha V Mallya has vacated the office of director with effect from March 31.


This development comes days after Mallya, who is believed to be in the UK, took to Twitter to ask people not to target his son Siddharth.


"In terms of the provisions of Section 167(b) of the Companies Act, 2013, Mr Sidhartha V Mallya, a Non-Executive, Non-Independent Director of the Company has vacated the office of Director w.e.f. March 31, 2016," UBHL said in a BSE filing.


On Wednesday, on Twitter, Vijay Mallya said: "My son Sid @sidmallya does not deserve all this abuse as he had nothing to do with my business. Slam me if you must but not a young man."
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