Vijay Mallya Kingfisher
A London court has refused Vijay Mallya's request to release more than €758,000 (₹7.8 crores) from the court funds and enables him to pay his lawyer fees in India.
On Wednesday, in the London High Court, Justice, Miles dismissed Mallya's appeal. 65-year old's appeal was against a lower court decision that was made on 8th February, which was not to release cash to pay for his Indian legal fees out of the ₹29 crores deposited in the court by selling off his property Le Grand Jardin in Cannes, France.
Justice, Miles said that the letter was "not satisfactory as it would involve putting the Indian legal costs into the hands of an Indian expert over which the UK court would have no control."
An argument had been made by Mallya's lawyer, Philip Marshal, which stated that the Indian lawyers would not continue his work unless paid. An association of state-owned Indian banks to whom Mallya's be in debt of €1 billion (₹10,800 crores) is seeking to make him bankrupt in Britain.
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