Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
February 25, Sunday 2018 3:03 AM       

       HEADLINES: Two including army man dies as tipper rams on to two bikes                                              There’s no discrepancy in postponing Madhu’s post-mortem: K K Shylaja                                              Forest officials helped in lynching Madhu: Madhu’s family                                              Madhu’s post-mortem begins under heavy protection                                              Govt fails, violence against minorities increased: National Commission for Minorities                                              PNB fraud: Govt moves NCLT to attach properties of Nirav Modi, Choksi                                              Modi to launch Amma Two-wheeler Scheme in Chennai                                              PNB fraud case: ‘Very tough to clear dues or pay salaries’, Choksi writes to employees                                              US to shift its embassy to Jerusalem in May                                              US teachers say #ArmMeWith resources, not guns                                              20 Afghan National Army soldiers killed                                              UN Security Council delays vote on Syria ceasefire                                              Cape Town T20I: Indian eves asked to bat first against Proteas                                              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
   
A A
       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.

A A
       WORLD
Next Article: Pak warns India against surgical strikes to avenge Sunjuwan attack
 
 
WORLD HEADLINES
UN Security Council delays vote on Syria ceasefire  
20 Afghan National Army soldiers killed  
US teachers say #ArmMeWith resources, not guns  
US to shift its embassy to Jerusalem in May  
Canada flew celebrity chef to India at taxpayer expense for Trudeau  
Burqa-clad women playing board game at Mecca's mosque spark controversy  
Trump pledges to find long-term solution to gun violence  
Grenade hurled at US embassy in Montenegro  
Canadian MP apologises for inviting Atwal to Trudeau's dinner  
Khalistani terrorist invited for Trudeau reception  
Indian Peacekeepers provide veterinary support to farmers in South Sudan  
Investigate Obama administration over Russia meddling: Trump  
India expresses dismay over emergency extension in Maldives  
Khaleda Zia case: No trust existed when grant came in 1991  
Explosion in Jalalabad kills three  
Regime forces kill 77 in Syria  
Trudeau talks dynastic politics  
Trump takes swipe at Oprah Winfrey  
Israeli warplanes strike Gaza post rocket attack  
Russian church shooting leaves 4 dead  
Iran greatest threat to world: Netanyahu  
Passenger plane carrying 66 people crashes in southern Iran  
Should Melania 'leave' Donald Trump? See what polls say  
Ex-Playmate alleges affair with Donald Trump  
How heroic Indian-origin teacher saved many during Florida shooting  
 
Do you think Facebook empathy will help tragedy victims?
yes
 
no
 
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]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy