Uited Bank of India today declared Kingfisher Airlines and its promoter Vijay Mallya as 'wilful defaulter, reports said.<br /><br />Mallya was declared as a wilful defaulter over Kingfisher Airlines not paying back its loans. This could also mean that the once-flamboyant industrialist may lose his chair on the board of United Breweries and United Spirits Limited, given that the two companies are currently controlled by Diageo and Heineken.<br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
