In this photograph taken on Dec. 21, 2013, Indian UB Group chairman Vijay Mallya attends the launch of the Kingfisher 2014 calendar in Mumbai. AFP PHOTO/STR/FILES
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An Indian tribunal Monday halted a $75 million severance payout from spirits giant Diageo to Vijay Mallya, a beleaguered liquor baron accused of defaulting on hundreds of millions of dollars in loans.The tribunal in the southern city of Bangalore Monday ruled against the flamboyant businessman who last month stepped down as the chairman of United Spirits, the Indian arm of Britain's Diageo, following allegations of financial lapses.Mallya, who is also an independent lawmaker in the Indian parliament's upper house, sold a large chunk of United Spirits, which he inherited from his father, to Diageo in April 2014 .
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