New Delhi, April 30 -- United Spirits share price traded higher on Wednesday following the company's announcement that it has filed an appeal before the Karnataka High Court in a Rs.1,337 crore loan dispute with United Breweries. United Spirits shares gained as much as 1.03% to Rs.1,561.00 apiece on the BSE.

The matter relates to a loan agreement dated July 3, 2013, under which United Spirits Ltd (USL) extended a loan of Rs.1,337 crore to United Breweries. In 2015, United Breweries defaulted on the agreed interest payment of 9.4%, prompting USL to recall the entire loan along with accrued interest and initiate arbitration proceedings.

The Arbitral Tribunal subsequently rejected USL's claim, terming it premature. USL challenged this deci...