Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now- defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated USD 90 million in claims. Also read After merger Idea-Vodafone entity to have new brand nameIn his order, Justice Picken awarded BOC Aviation the amount overdue along with interest payments and legal costs, which overall amounts to nearly USD 90 million. "The Second Defendant [United Breweries] shall be jointly and severally liable with the First Defendant [Kingfisher Airlines] to pay the Claimants [BOC Aviation] half of the said costs liability," the court order notes. The latest ruling comes weeks before India s extradition case against Mallya is set to come up for one of its final hearings before Chief Magistrate Emma Arbuthnot on March 16, with a judgment expected in May. The businessman remains on a 650,000-pound bail bond, extended until April 2 at the last hearing in the extradition case in January.
Source: dna February 12, 2018 12:15 UTC