Real king of ‘good times’: UK court gives debt-ridden Vijay Mallya a weekly allowance of Rs 16 lakhs

Radhika Dhawad | Feb 14, 2018 9:07


 Vijay Mallya
No end to good times: Vijay Mallya

London High Court yesterday raised Indian businessman and former Rajya Sabha member Vijay Mallya’s weekly living allowance of £5000 (Rs 4.5 lakhs) to £18,325 (Rs 16 lakhs). Mallya’s ‘good times’ still haven’t come to an end despite losing a $90 million (approx. 585 crores) court case against Singapore based BOC aviation.

As per a report in The Times of India, Sarosh Zaiwalla, senior partner at Zaiwalla & Co. LLP London, said, “If he is used to a luxury lifestyle then the court will not suddenly make him live on £200 (Rs 17,000) a week. He is entitled to legal expenses on top. The judge considers his style of living to reach a fair result.”

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The liquor baron, as per India’s Debt Recovery Tribunal (DRT), owes Rs 9853 crores to 13 Indian banks. Mallya, who’s said to be enjoying his high life in the UK, has applied to have the freeze order against his global assets discharged. A hearing will take place at the high court on April 16 and 17.

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