Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
August 18, Saturday 2018 11:48 PM       

       HEADLINES: Modi reviews flood situation in state                                              Modi announces Rs 500 crore assistance to state                                              UAE to provide aid to flood-hit Kerala                                              Flood situation continues to be worse in Kerala                                              Six refugees die after portion of Paravur church collapses                                              Odisha urges Kerala to assist stranded Odia labourers                                              CMs of various states come to help Kerala                                              Odisha CM lends a healing touch on Kerala                                              Former UN chief Kofi Annan dies at 80                                              Chance for Bajrang and Vinesh to enhance status, test for Sushil, Sakshi                                              Kaumudi Facebook
       WORLD Next Article: Pak warns India against surgical strikes to avenge Sunjuwan attack  
       Mallya asked to pay Rs. 578 cr to S’pore based BOC Aviation
         Posted on :09:42:58 Feb 13, 2018
       Last edited on:10:19:50 Feb 13, 2018
         Tags: Mallya, Rs. 578 cr, BOC Aviation

LONDON: The High Court in London on Monday ordered embattled liquor baron Vijay Mallya to pay an estimated USD 90 million (~Rs. 578 crore) to a Singapore-based aircraft leasing company in claims. 

The case involves a number of aircraft leased by Vijay Mallya’s now-defunct Kingfisher Airlines from BOC Aviation in 2014.

High Court judge Justice Picken, sitting at the Business and Property Courts of the High Court, ruled Feb 5th that the “defendents have no real prospect of successfully defending the claim” brought by BOC Aviation in Singapore and BOC Aviation (Ireland) Ltd.

Kingfisher Airlines Ltd and the United Breweries Ltd were listed as the defendants in the case.

In November Diageo, the UK-based producer of Johnnie Walker whiskey, sued Mallya, his son Siddharth and the Mallya entity United Spirits Ltd for nearly $200 million for breach of contract and making questionable payments made by affiliated companies, among other claims.

Mallya, 62, is currently in the midst of a long-drawn out extradition trial at Westminster Magistrate’s Court in London for allegedly defaulting a consortium of Indian banks of more than Rs. 9000 crores ($1.4 billion).

And Mallya’s legal woes continue in India as well.  It was reported earlier this week that United Spirits is selling its corporate headquarters in Bangalore as it attempts to monetize assets and disassociate itself from the legacy of its former owner.

It was also reported that the company is trying to sell a number of lavish personal properties, including villas in Mumbai, Goa and Delhi – scenes of Mallya’s legendary and extravagant parties – with little success.

Next Article: Pak warns India against surgical strikes to avenge Sunjuwan attack
Former UN chief Kofi Annan dies at 80  
Imran Khan elected as Pakistan's new prime minister  
US newsrooms to Trump: We're not enemies of the people  
Anger grows in Italy as bridge toll rises to 38  
Trump Tower operators sued over water release into river  
Scotland Yard returns 12th century stolen Buddha statue to India on I-Day  
Erdogan says Turkey to 'boycott' US electronic goods  
Netanyahu demands 'total' Gaza ceasefire  
Khan's party bags 33 reserved seats; PTI NA tally stands at 158  
NASA launches Parker Solar Probe mission to 'touch the Sun'  
Ivanka Trump condemns white nationalist rallies: There is no place for neo-Nazism in US  
Pakistan declares 'water war' on people of PoK  
Nobel Prize-winning author V S Naipaul dies at 85  
Six wounded in Balochistan suicide attack  
Taliban, Kabul government both claim embattled Afghan city  
Malaysia ex-PM Najib to face corruption trial in February  
Imran Khan to take oath as Pakistan Prime Minister on Aug 18: party leader  
Indian envoy calls on Imran  
Another earthquake hits Lombok  
Argentina's Senate trashes bill to legalise abortion  
Koreas to hold high-level talks next week  
Pakistani authorities blacklist Sharif's sons, block passports  
Trump nominates Indian-American law professor to agency on privacy and civil liberties  
Brazil orders shutting of border to Venezuelan migrants  
German couple jailed for selling son online for sex  
Do you think Indian Army should take up rescue operation independently?
no opinion
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy