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The former Radio One DJ, 48, whose real name is Robert Gorham, was this week cleared following a 10-day trial at Central London County Court, after a judge ruled he was not personally liable.
Bestival co-creator, Rob Da Bank, has won a court case over a £649,000 loan.
Former Bestival curator, Rob da Bank, is being sued for more than £600,000 over an unpaid loan.
The former Radio One DJ, real name Robert Gorham, is accused of taking a £1m loan from TicketLine to save Bestival 2018 from cancellation and then refusing to pay back £650,000 of the sum.
Bestival attracted big stars such as Elton John, Duran Duran and Stevie Wonder, before it located off the Island to Lulworth Castle in Dorset.