United Kingdom court declared Indian businessman Vijay Mallya bankrupt. This will pave the way for a consortium of State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Vijay Mallya’s now-defunct Kingfisher Airlines by seizing his Indian assets.
Tag: lawsuit
UK court dismisses Indian fugitive Nirav Modi’s extradition appeal
Indian diamond merchant Nirav Modi’s appeal against his extradition to India has been dismissed by a United Kingdom high court.
Indian fugitive Mehul Choksi denied bail by Dominica authorities in illegal entry case
Dominican court today denied bail to Mehul Choksi – the fugitive diamond trader wanted over the INR 13,500 crore loan fraud case in India – for illegally entering into the Caribbean island nation from Antigua.
Singapore joins Interpol-led task force to combat COVID-19 related scams
Singapore News: Singapore is joining an Interpol-led global financial crime task force, comprising the US and UK, which will be looking into a number of areas, including COVID-19-related scams.
Singapore’s arbitration centre sets new record of handling 1,080 cases in 2020
According to its annual report, the Singapore International Arbitration Centre (SIAC) set a new record with 1,080 new case filings in 2020. This is the first time that SIAC’s caseload has crossed the 1000-case threshold.
Singapore Court orders blogger to pay PM Lee Hsien Loong SGD 133,000 in online defamation case
The Singapore high court ordered that Prime Minister Lee Hsien Loong be paid SGD 133,000 (USD 98,825) in damages in a defamation case filed by the city-state’s leader, according to a judgment released today.
New book by UK journalists delves into prominent extradition cases with India
Even as the United Kingdom’s Crown Prosecution Service (CPS) handed over an alleged drug smuggler to India for extradition, a new book highlighting some high-profile as well as lesser-known Indian extradition cases delves into why the UK is considered a safe haven for those wanting to escape the law
India challenges Vodafone arbitration verdict in Singapore High Court
India has challenged an international arbitration tribunal’s verdict that overturned its demand for SGD 4.03 billion (INR 22,100 crore) in back taxes from Vodafone Group Plc in the Singapore High Court, the Indian Parliament was informed.
Vijay Mallya can’t be extradited until UK legal matter resolved, Indian Supreme Court told
Vijay Mallya is wanted back in India under charges of financial fraud. He defaulted on repayment of loans taken by the now-defunct Kingfisher Airlines from several Indian banks.
Singapore’s anti-fake news law needed to regulate falsehoods on social media: Law Minister Shanmugam
Social media firms are hampered by their commercial interests when tackling fake news, Singapore’s law minister said, defending the city-state’s law against fake news which critics say stifles free speech.
