UBHL, the holding company for the group, said on Monday that it would be able to deposit R119 crore from the proceeds of the sale of its stake in United Spirits Ltd (USL) to UK-based Diageo Plc. It also said that it expected to get R80 crore from sale of commercial space in its UB City property in Bangalore, which it would deposit in the court. The company told the court that as much as R1,595 crore from the proceeds of the Diageo stake sale would go to the company?s secured creditors. The court, which posted the hearing to next week, has asked the company to file an application in this regard. The petitioners, who include Rolls Royce and Partners Finance, BNP Paribas, Avions de Transport Regional GTE and IAE International Aero Engines AG, had moved the court to recover dues amounting to over R400 crore. The petitions were filed between March and November last year.