I'm going to major victory
for Indian Banks fugitive business man Vijay mallya has lost an appeal to gain further access to Court held funds to cover the cost of his legal proceedings in India this after high court judge in London concluded that the 65-year old Tycoon failed to provide sufficient evidence in support of the amount being sought Molly I had made an application in the UK for to give him over 750,000 pounds pounds that would be 7 point 8 crore rupees from the court funds office in London to pay his lawyers back in India the mallya said that he was unable to pay them himself owing to his assets being frozen as bankruptcy proceedings against him what ongoing none of other setback for Marla the judge is also directed him to cover 95% of the cost of the appeal he said that the banks had been very substantially successful and the overall winners in the fighting the Ki in fighting this case and to prevent further sanctions from the
core tight funds the Consortium of 13 Indian Banks was led by the State Bank of India the judge added that Allah had no efforts made no efforts to justify the incurred costs earlier this month our UK Court rejected malice bankruptcy petition the Court ruled in favor of waving security over the embattled businessmen's assets in India the recent rulings brings Indian Banks a step closer to the covering debt from loans paid to which Amalia now defunct Kingfisher Airlines now now the Indian government is also demanded extradition of Allah who fled to UK from India