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UK court asks Mallya to pay 2,00,000 pounds to Indian banks as legal costs

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8 years ago

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UK court asks Mallya to pay 2,00,000 pounds to Indian banks as legal costs

The UK High Court has ordered fugitive liquor baron Vijay Mallya to pay a minimum of 200,000 pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues, said media reports on Saturday.

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, media reports quoting news agency PTI said.

As part of the judgment, the court has also ordered Mallya, 62, to pay costs towards registration of the worldwide freezing order and of the Debt Recovery Tribunal of Karnataka’s judgment in Britain.

“The court ordered that Mallya pay the banks’ costs. The standard order is that the court will assess those costs unless the parties can otherwise agree a figure for what should be paid,” said a legal expert familiar with the case.

The court’s assessment of costs is a separate process, which ends with another court hearing before a specialist costs judge in the UK. But in the meantime, Mallya must pay 200,000 pounds towards this legal costs liability.

In a high court ruling dated May 8, Judge Henshaw had refused to overturn a worldwide order freezing Mallya’s assets and upheld an Indian court’s ruling that the consortium of 13 Indian banks – State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu and Kashmir Bank, Punjab and Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd – were entitled to recover funds amounting to nearly 1.145 billion pounds.

The legal costs owed to the banks emerged in a subsequent court order by the same judge.

“The First Defendant’s (Mallya) application for permission to appeal is refused. Any further application for permission to appeal should be made to the Court of Appeal to be dealt with by a judge of that court,” the judgment notes.

Mallya, who is separately also fighting extradition to India on fraud and money laundering charges worth an estimated Rs. 9,000 crores, has since filed an appeal notice at the Court of Appeal, which includes an application for permission to appeal.

Permission will only be granted if the court considers that the appeal would have a real prospect of success or there is some other compelling reason for the appeal to be heard.

Mallya is due back at Westminster Magistrates’ Court in London next month for one of the final hearings in his extradition case.

A hearing for closing arguments to be presented by his defence team and the Crown Prosecution Service (CPS), on behalf of the Indian authorities, was scheduled for July 11 but is now likely to take place on July 31.

The former Kingfisher Airlines boss remains on bail since his arrest on an extradition warrant in April last year. The CPS believes it has successfully established a prima facie case of fraud against the businessman and that there are no bars to his extradition to face the courts in India.

Mallya’s lawyers have claimed the criminal charges against their client are “without substance” and “politically motivated”. They have also challenged the case on human rights grounds, questioning the conditions at Arthur Road Jail in Mumbai, where the businessman is to be held post-extradition.

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Ensure nutrition supplement ad wins hearts, Tweeple say video taught them a lot | WATCH

In this era of ads where some advertisements are really praised for their inclusivity while the others are being criticised, Ensure (an American brand of nutritional supplements) have also come up with a very heart touching advertisement in this festive season.

Published

4 years ago

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November 8, 2021

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Ensure nutrition supplement ad

By Tarannum

In this era of ads where some advertisements are really praised for their inclusivity while the others are being criticised, Ensure (an American brand of nutritional supplements) have also come up with a very heart touching advertisement in this festive season.

The video is on fleek and it’s being liked and shared by people a lot on social media, soon it came out. Tweeple are appreciating and twitting this viral video with good compliments.

In this inspiring advertisement, we can see a man making a list of guests, asking her wife for one of his specific friends on the occasion of the festival but her wife denies informing him about the long list and work overload, the man then make her a cup of hot tea made of Ensure milk powder, saying that we should thank the people who took time for us when nobody did. This cute message is liked by the people and Twitter is flooded with appreciation posts with the hashtag StrongerInsideOut.

One person tweeted that this video taught him to come up front, help people and celebrate. Have a look :

The other Twitter user wrote about the amazing initiative of this video and appreciated this.

https://twitter.com/Gopika55/status/1457671525209833479

What is Ensure?

Ensure is an American for nutritional supplements and replacements for meals. This brand, Ensure is manufactured by Abbott Laboratories.

Read Also: Amazon updates Alexa: Now you can move music between multiple echo devices, here’s how to do it!

Ensure Original contains 220 calories, six grams of saturated fat, 15 grams of sugar, and nine grams of protein in a 237-ml (8-fl oz) bottle. Water, corn maltodextrin, sugar, milk protein concentrate, canola oil, and soy protein isolate are the top six ingredients in Ensure original. For people with lactose intolerance can also take this as Ensure is considered lactose-free.

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Bollywood news

Tip Tip Barsa Paani: Raveena Tandon or Katrina Kaif? Mohra star likes tweets hailing original song

Apart from the movie’s plot, Sooryavanshi is ruling the hearts of the audience with its peppy songs. Recently, the makers have dropped the remake of the iconic 90s song Tip Tip Barsa Paani that has been recreated by Katrina and Akshay.

Published

4 years ago

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November 7, 2021

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By Tarannum

The much-awaited film from Rohit Shetty’s cop universe, Sooryavanshi hit the silver screens on November 5. Apart from the movie’s plot, the Akshay Kumar and Katrina Kaif starrer is ruling the hearts of the audience with its peppy songs. Recently, the makers have dropped the remake of the iconic 90s song Tip Tip Barsa Paani that has been recreated by Katrina and Akshay.

The original Tip Tip Barsa Paani song from Mohra film was voiced by the singers, noted singers Udit Narayan and Alka Yagnik. It came out in the year 1994 wherein the audience had witnessed the sizzling chemistry between Raveena Tandon and Akshay Kumar.

Raveena Tandon likes tweets hailing original Tip Tip Barsa Paani

Soon after the song was released, fans started comparing it to the original song from the film Mohra, which featured Raveena Tandon and Akshay Kumar. The recreated version by Kat and Akki sent the mercury soaring and is receiving rave reviews, however, a section of fans had conflicting opinions about Katrina’s performance. While some of them admired her performance, others felt that it did not match the original version.

One of the fans tweeted that the original tip tip barsa pani is something else, that too in the early 90s. The Tip Tip Barsa Pani star has liked the tweets wherein the audience have praised the original version of the song.

Tip Tip song from Sooryavanshi

In the song, Katrina Kaif can be seen donning a silver metallic saree and her scintillating moves will surely make you fall head over heels in love with her. While Katrina is dancing in the rain, Akshay can be seen admiring her. The song has a carnival set up and has been recreated by Tanishk Bagchi.

Watch the Tip Tip song here

In other news, Telugu actor Anushka Shetty gave a return gift to her fans on the occasion of her 40th birthday. The Baahubali star has announced her new project with Mahesh Babu P.

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Cinema news & gossip

Bheemla Nayak’s latest song out: Pawan Kalyan’s new power look in the lungi

Finally the wait is over, after a long time this new song Lala Bheemla has been released today. It is debuted by the filmmakers of the upcoming film Bheemla Nayak, which stars superstar Pawan Kalyan.

Published

4 years ago

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November 7, 2021

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By Tarannum

Finally, the wait is over, after a long time this new song Lala Bheemla has been released today. It is debuted by the filmmakers of the upcoming film Bheemla Nayak, which stars superstar Pawan Kalyan.

Lala Bheemla is a song with such a high level of energy and music. The song is composed by S Thaman and released on the occasion of Trivikram’s birthday who is a lyricist and dialogue writer for the film.

Manobala Vijayabalan tweeted about the song release with the date, song name and the name of filmstar Pawan Kalyan.

The song is based on strong composition, intense lyrics, aggressive vocals, and hair-raising imagery which absolutely meets beyond the expectations.

It’s a treat to watch Pawan Kalyan dressed as a cop in a mass avatar in Lungi. The female dancers from Odisha in the background are also enhancing the mass appeal.

The fact that Trivikram Srinivas, who produced the film’s screenplay and dialogues, also wrote the song’s lyrics is intriguing. Because of his energetic singing, Arun Kaundinya totally changed the mood of the song which is an absolute game-changer.

If we talk about the production of the film, Naga Vamsi has produced the film under the company Sithara Entertainments. Fans of the actor Pawan Kalyan are amazed to hear this incredible song. Therefore, Bheemla Nayak is set to hit the theatres in Sankranthi 2022.

Nithya Menen also plays the lead role in Bheemla Nayak. S Thaman is in charge of the film’s musical score, while Ravi K. Chandran and Naveen Nooli are the cinematographer and editor, respectively.

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