Vijay Mallya who is wanted for crores of unpaid loans in Indian banks has now been ordered by the UK court to pay an amount of £2,00,000 as legal costs incurred by Indian banks.
Vijay Mallya, the owner of Kingfisher Airlines, is part of the unpaid loans case. He has taken loans from many Indian banks and failed to pay them back and is now in the UK. The UK courts have now ordered Mallya to pay at least £2,00,000 towards legal costs by Indian banks. The court ordered Mallya to pay the bank’s costs, and the standard order is that the court will assess the costs unless both the parties agree on an amount mutually. This order has been given by the court to cover the costs of 13 Indian banks in their legal battle against Vijay Mallya.
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