UB Group Chairman Vijay Mallya and Allied Blenders and Distillers (ABD) Chairman K.R. Chhabria have decided to settle all litigations pending in various judicial forums in the country.
A press statement from ABD said Chhabria and Mallya have reached an agreement to settle out of court all pending litigations.
This brings to an end the 20-year-old dispute between KRC Group of Companies, and erstwhile Shaw Wallace Group of Companies, which is now part of Vijay Mallya-controlled United Spirits Ltd.
The consent terms signed by the two companies were filed in the Kolkata High Court today.