Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
April 21, Saturday 2018 1:09 PM       

       HEADLINES: We have lost a socially-committed editor: Governor                                              K M Mani condoles M S Ravi's demise                                              Kadakampally, Kerala Working Journalist Union condole demise of Kerala Kaumudi Chief Editor                                              Kathua fake hartal arsonists to face POCSO charges                                              New born baby mauled to death                                              Opposition's five charges against CJI Dipak Misra                                              Jaitley terms impeachment motion against CJI a 'revenge petition'                                              Impeachment motion against CJI a political move: Constitution expert                                              Cuba marks end of era as Castro hands over power                                              PM Modi should pay more attention to women safety: IMF chief                                              Sheikh Hasina makes it to Time's list of 100 most influential people                                              Ships don't want to stop at Chinese run Hambantota                                              Cricket Australia to name Lehmann's replacement before UK tour                                              ECB proposes new 100-ball format of cricket                                              World Cup of tennis in one week is horrible idea: Anand Amritraj                                              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
Ships don't want to stop at Chinese run Hambantota  
Sheikh Hasina makes it to Time's list of 100 most influential people  
PM Modi should pay more attention to women safety: IMF chief  
Cuba marks end of era as Castro hands over power  
Rawalpindi village named after Malala  
Pak-sponsored PoK-Khalistani elements burn Indian flag in London  
CIA chief had 'smooth' meeting with Kim Jong Un: Trump  
31 militants dead, 37 wounded in Afghan  
India-UK MoU on illegal immigrants under discussion: Foreign Secy  
UIDAI did not accuse Google of trying to fail Aadhaar'  
Minority Hindu families protest abduction of minor  
Former First Lady Barbara Bush dies at 92  
Blast near Indian Embassy camp office in Kathmandu  
Sean Hannity revealed as Trump lawyer's client  
UK, US warn Russia over global cyber attacks  
Melania maintains silence over Trump's recent controversies  
James Comey makes shocking claims about Trump  
Rohingya rejects Myanmar's repartition claim  
Class VI student dies playing 'face-slapping' game in Pak  
UN rejects Russian resolution calling for condemnation of air strikes in Syria  
Russia calls emergency session of UN Security Council  
Iran keen to partner Pak on CPEC  
Russian envoy warns of consequences after strikes on Syria  
GOP rep. says Trump 'not authorized to strike Syria'  
US, UK, France launch airstrike in Syria  
 
Sreejith case: Do you think arrested policemen are innocent?
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