• Sunday, December 04, 2022

Business

Mallya loses $90 million aviation legal battle

Vijay Mallya

By: Sarwar Alam

Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now-defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated $90 million in claims. The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to around Rs 9,000 crores (£1 billion) returns to Westminster Magistrates’ Court in London on March 16, is related to the leasing of aircraft by Kingfisher Airlines dating back to 2014. Justice Picken, in a judgment dated February 5 at the Business and Property Courts of the High Court in London, ruled that “the…

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