Liquor baron Vijay Mallya, who was declared a fugitive in a multi-crore bank fraud case, has received financial assistance from the London High Court to cover his legal and living expenses. The London High Court has decided to pay Mallia ১১ 11 crore (about Rs 11 crore) out of its funds.
Bankruptcy Insolvency and Companies Court Judge Nigel Burnett held a hearing on a group of Indian banks led by SBI to give Mallya access to funds deposited in the court’s fund office as an involuntary activity.
According to the new order, Malia has been allowed to withdraw some money from the court funds. With this money he will be able to pay for his living expenses and the legal process. During the hearing, the judge said that in this case, Mallya has so far succeeded in two respects, and the petitioner, Indian Bank, has largely succeeded in opposing Malla’s application.
The court said it was normal to incur legal costs in hearing an appeal, but now the question is how to pay for it. Therefore, Mallya should be paid from the court funds to meet these expenses, although the court said that after the decision of the bankruptcy case, it will be ascertained where and under what money Mallya spent this money.