: Vijay Mallya loses court appeal in UK seeking Rs 7.7 crore to cover Indian legal fees #IndiaNEWS Fugitive businessman Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds

Vijay Mallya loses court appeal in UK seeking Rs 7.7 crore to cover Indian legal fees #IndiaNEWS
Fugitive businessman Vijay Mallya on Wednesday lost an appeal to gain further access to court-held funds to cover his costs for legal proceedings in India, PTI reported. A High Court judge in London held that the 65-year-old had failed to provide sufficient evidence in support of the over 750,000 pounds (nearly Rs 7.7 crore) he sought.“There was no breakdown of the incurred costs between the various sets of proceedings, there was no attempt to justify the incurred costs by reference to steps already taken,??? Justice Robert Miles said in his order. “No invoices, bills of costs, descriptive schedules or other evidence was provided in support of the amount of costs being sought.???Mallya’s lawyer had moved the petition seeking funds by submitting that the coronavirus pandemic had caused a substantial disruption to the Indian legal system and that lawyers in India had “effectively downed tools until their costs were cleared???, PTI reported.“The lawyers do need to be paid and therefore these are necessary expenses towards proceedings with a very reasonable prospect of success,??? Mallya’s lawyer Philip Marshall told the court. Meanwhile, Tony Beswetherick, the barrister appearing on behalf of a consortium of Indian banks, had countered that any such sanction of funds would be...Read more

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