UK Court Denies Release Of Massive Funds For Vijay Mallya s Legal Fees UK Court Denies Release Of Massive Funds For Vijay Mallya s Legal Fees Vijay Mallya seeks approval to use 2.8 million pounds of the estimated 2.9 million pounds held by the court under the UK s Insolvency Act 1986.
Vijay Mallya has been in UK since March 2016 and has been fighting his extradition to India
London:
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
UK court denies release of funds for Vijay Mallya’s legal fees PTI
London: A UK court hearing an urgent application Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI). Judge Sebastian Prentis, who presided over a remote hearing at the Insolvency and Companies Court (ICC) of the High Court in London, concluded that Vijay Mallya had failed to provide the ‘basic information’ required for such a validation order and agreed only to allow sufficient funds to cover an appeal hearing scheduled in the bankruptcy case for Wednesday.
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI).
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‘There are cameras everywhere’
Mr Trump’s company operates two golf courses in Scotland, Turnberry in Ayrshire and Trump International in Balmedie, Aberdeenshire.
Christopher Carman, professor of politics at Glasgow University, says it is “not surprising” that Mr Yousaf would make the suggestion for Trump to be barred.
He adds: “He (Trump) has been consistent in downplaying the notion that he would attend the inauguration.
“It wouldn’t surprise anybody if he finds a way not to attend the inauguration.
“I’m not sure why he would come to Scotland versus, say, go to Florida.
“It’s out of the country and maybe he feels like he’d be more isolated from the US media but I’ve been to Turnberry when Trump has been there and you’re not isolated from the media, there are cameras everywhere, so I don’t think that would protect him that much.”