HDFC Bank clarifies on United Spirits Limited PMLA case

Mumbai: HDFC Bank on Friday said it is not a party to the proceedings in the PMLA court regarding liquidation of shares of United Spirits to recover dues owned by Vijay Mallya companies. PTI had erroneously reported on Thursday that HDFC Bank had moved the special PMLA court here against SBI-led bankers’ consortium attempting to recover dues by liquidating shares of United Spirits Ltd (USL). Such an application was filed by HDFC Ltd, which is a separate entity. “We would like to state that our name has been mentioned erroneously as we are not a party to the proceedings in the PMLA Court,” HDFC Bank said in a statement.