Singapore's company will have to pay Rs 580 crore to Vijay Mallya from the London court.

Singapore's company will have to pay Rs 580 crore to Vijay Mallya from the London court.

A High Court has decreed the return of $ 9 million (Rs 580 crore) as compensation to Singapore's BOC Aviation petition. The matter has been linked to Kingfisher Airlines, the airline owned by Mallya.Where they have to face the problem

Liquor businessman Vijay Mallya has suffered a major setback from the British court. BOC Aviation was outstanding on Kingfisher Airlines. In return, the company demanded the damages. Kingfisher had leased four aircraft from BOC Aviation. The BOC alleged that Kingfisher violated the rules related to lease. Justice Piken, a London-based business and estate-related judge, in his order on February 5 said that defendants could not prove their arguments against the damages.

London is facing a case of extradition proceedings against the fugitive declared liquor businessman Vijay Mallya. The next hearing of this case is to be held on March 16 in Chief Magistrate Emma Arbitanot's court. The matter is in keeping with the Indian Government's Crown Prosecution Service (CPS) of Britain.

BOC Aviation filed for Kingfisher, United Breweries petition

For recovery of dues, Singapore's BOC Aviation and BOC Aviation (Ireland) Ltd had approached the court of London. The petition was filed against Kingfisher Airlines and its parent company United Breweries (Holdings). The court has been jointly attributed to the two companies of Mallya to pay the amount of damages. They must also carry half of the cost of the case.

loading...