"We filed the caveat against KFA in SC shortly after Calcutta HC delivered the judgement yesterday", executive director of UBI D Narang said here on Friday.

The division bench of the High Court dismissed a KFA appeal against UBI and upheld decision of single judge of not allowing the company to be represented by a lawyer.

The order said that either KFA chairman Vijay Mallya could appear or send a company representative for the hearing in front of the bank's grievance redressal panel.

Earlier, UBI had identified Vijay Mallya as a willful defaulter and asked him to appear before the bank's panel to hear him out before declaring him as a wilful defaulter.

Mallya later moved the court seeking exemption of his appearance before the panel.

KFA, now grounded, had taken a loan worth of Rs 350 crore from the bank.

Several other banks like SBI and PNB were also on the trail of declaring Mallya a wilful defaulter.

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