............The petition, filed by UB Holding in the High Court, seeks a stay on sale of shares of its subsidiary USL by SBI after the bank sold a portion of UB shares it held as security in the market last week, said an SBI official who wanted not to be named. "We have sold a part of the USL shares. We have also received a legal notice from UB Holding restraining us from doing so. But despite that, we decided to sell them and are likely to sell the remaining shares as well as we are confident of the court ruling in our favour," said a senior SBI official requesting anonymity........
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