UK Court Asks Vijay Mallya to Pay Rs 1.8 Crore to Indian Banks

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Watch UK Court Asks Vijay Mallya to Pay Rs 1.8 Crore to Indian Banks With HD Quality

The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds or Rs 1.81 crore towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues.Last month, Judge Andrew Henshaw had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks led by State Bank of India (SBI) were entitled to recover funds amounting to nearly 1.145 billion pounds.

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    The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds or Rs 1.81 crore towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues.Last month, Judge Andrew Henshaw had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks led by State Bank of India (SBI) were entitled to recover funds amounting to nearly 1.145 billion pounds.

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