'SEBI rules do not bar Mallya as UBL chairman'
The rules framed by market regulator SEBI do not bar liquor baron Vijay Mallya from holding the position of Chairman in the United Breweries Limited's (UBL) board, Director Chugh Yoginder Pal said on Wednesday. Mallya will continue to hold the company's highest position, Pal stated. Mallya is currently being probed for loan default cases worth over ₹7,000 crore.