1. These winding up petitions have been filed by host of creditors in this Court, seeking the winding up of the Respondent – Company, United Breweries (Holdings) Limited (‘UBHL’ for short) and in these ten winding up petitions, the secured creditors, consortium of Banks, 14 in number, led by State Bank of India (SBI) and various unsecured creditors like suppliers of Aero Engines, Lessors of Aircrafts and Service Providers who have invoked Corporate Guarantees furnished by the Respondent – Company, UBHL, to them to secure their loans, advances and supplies to King Fisher Airlines Limited (KFAL), have approached this Court, against the Respondent Company – UBHL, which was initially a Holding Company of the King Fisher Airlines Limited, but, later on diluting its shareholding in that, the said King Fisher Airlines Limited (KFAL) did not remain a Subsidiary Company, however, the existence and validity of Corporate Guarantees given by the Respondent Company – UBHL continued.

2. The King Fisher Airlines Limited (KFAL) has already been ordered to be wound up recently by this C