Calcutta, Oct 12 :     The Chhabria brothers, Manu and Kishore, have re-united to fight their common foe ? Vijay Mallya. Elder brother Manu is believed to have sounded Kishore on the possibility of his returning to Shaw Wallace as its new managing director. Last week, Ravi Jain put in his papers following serious differences with Manu Chhabria over the way the company was being run. Sources said the board is expected to accept Jain?s resignation at its next meeting. Sources close to the Dubai-based Manu Chhabria said the NRI tycoon first ?waved? the white flag to Kishore, his once bitter rival, four months ago after the latter agreed to sell his entire 48.48 per cent stake in Gordon Woodroffe to the elder Chhabria. Sources close to Kishore Chhabria confirmed a patch-up between the two brothers but declined to comment on the possibility of his joining Shaw Wallace. Kishore, who steered Shaw Wallace as its MD in the mid-eighties, was forced out in 1992 after a raging battle with his elder brother over the way he ran the company and the alienation of certain assets like BDA Distilleries. Manu is trying to bring back Kishore at a time when Shaw Wallace is fighting a grim battle to stave off a takeover threat from Mallya, the country?s biggest liquor baron who owns United Breweries. Manu Chhabria?s biggest problem is that he is unable to oversee the battle personally. With Fera violation and income tax cases dogging him, the elder Chhabria has not been able to enter the country for the past four years. On October 5, Mallya created a stir when his McDowell & Co Ltd ? the flagship of the UB group ? submitted an offer in the Calcutta high court to buy three leading Shaw Wallace brands for Rs 250 crore. The three Shaw Wallace brands ? Director?s Special, Royal Challenge and Haywards ? have a marketshare of more than seven per cent in their respective segments. The sales volume is put at about four million cases a year. With Shaw Wallace facing an indirect takeover threat from Mallya, Manu Chhabria seems to be in favour of entrusting his estranged brother with the task of thwarting Mallya. Sources, however, did not rule out other possibilities, including the liquor giant being turned into a board managed company or P. L. Narasimhan, a whole-time director, being made the chief executive officer (CEO). The hostile bid from Mallya comes at a time when the Calcutta-based liquor giant is besieged by creditors who have filed liquidation suits against Shaw Wallace to recover their dues. Shaw Wallace owes these creditors about Rs 250 crore net of interest. The case arising from McDowell?s offer to buy up the three leading Shaw Wallace brands, which came up for hearing today, has been postponed till December 14. The court will also hear on the same day Shaw Wallace?s scheme to repay its creditors which was also listed for hearing on Tuesday. Shaw Wallace?s latest repayment plan lists over 160 creditors with total dues of Rs 233.28 crore.