The British court has rejected the application of some money from the seized property of fugitive Indian liquor businessman Vijay Mallya. Mallya had asked for this money to be paid to the lawyers appearing for his legal position. Mallya has fled to London without paying nine thousand crore rupees from Indian banks. The State Bank-led consortium has applied to the British court for his extradition to India.
Mallya’s petition rejected, sought the release of Rs 27 crore
The Insolvency and Companies Court under the London High Court rejected Mallya’s application after a hearing on Monday. The petition demanded the release of a sum of 28 lakh pounds (Rs 27.73 crore). In support of the application, Mallya’s lawyer Philip Marshall said his client was in dire need of money.
Mallya’s property in Britain seized on court order
He wants this money to have his side in the legal battle. Mallya’s property in Britain has been confiscated on a court order. Judge Sebastian Prentice made this decision in a hearing through video conferencing.
The bench directed Mallya to submit a detailed report about the property
The bench also directed to submit a detailed report about Mallya’s assets. It should also have information about their jewelry and expensive luxury cars. This information has been asked to be presented at the January 22 hearing.