UK court asks Vijay Mallya to pay £200,000 to Indian banks

The United Kingdom High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of Rs 1.8 crore in legal fees by July 5 to 13 Indian banks in their legal battle to recover alleged dues. The amount is an initial payment, with possible further costs to be determined. The amount cannot be appealed. On May 10, a UK court had said that he can be regarded as a “fugitive from justice”. Mallya is accused of wilfully defaulting on about $1.4 billion (Rs 9,380 crore) in loans for his now-defunct Kingfisher Airlines. As part of the judgment, the court has also ordered Mr Mallya, to pay costs towards registration of the worldwide freezing order and of the Debt Recovery Tribunal of Karnataka's judgment in Britain. NYOOOZ TV brings you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates. Download our Apps on : Keep Yourself Updated and Follow NYOOOZ Here: Website: http://www.nyoooz.com Facebook:   / nyoooz   Twitter:   / nyooozindia   Instagram:   / newzstreetmedia   Now Get NYOOOZ in Hindi Here:    / nyooozhindi   http://www.hindi.nyoooz.com