We discuss the defects and the macroscopic properties which can result when a biaxial nematic is chiralized. A "biaxial" cholesteric phase is possible, where two axes of the triad of unit vectors spiral around the third one. In contrast to "ordinary" cholesteric liquid crystals, $\ensuremath{\lambda}$ defects have a singular core. Probably this type of cholesteric liquid crystal has been observed very recently.