![]() ![]() There are provisions for his weekly allowance, within which he can meet his needs," he added. "We are considering all of our options with our clients the worldwide freezing order has worldwide effect, so it's all of his assets wherever they may be. The judgement enables our client banks to proceed with enforcement of the Indian Debt Recovery Tribunal (DRT) ruling, which has now been registered and is immediately enforceable," said Paul Gair, partner in TLT's Banking & Financial Services litigation team. "This is a positive and big step forward. The ruling by the UK court has been described as "significant" by TLT LLP, the UK law firm which represented the Indian banks in the case. "However, this point was not the subject of any detailed argument before me and, overall, I do not consider that the matters relating to the Ferrari carry matters any further on this application," the judge concluded. The UK court concluded that it may be the case that the payment of the deposit on the Ferrari was in breach of the Karnataka High Court's interim injunction. Mr Mallya's purchase of a Ferrari 246 GTS with an estimated value of 480,000 pounds was also questioned by the Indian banks. Since these matters are unverified, I do not consider I can take account of them." ![]() "The registered/asserted owners are offshore companies and/or trusts. ![]() These comprise three yachts, numerous cars and the Mabula Game Reserve in South Africa. The judge noted: "The Claimants say there are numerous other assets which have been linked to Dr Mallya in various sources on the internet, but which he denies that he owns. The judge, however, was less certain that luxury cars and yachts had been undeclared or disposed of by Mallya as claimed by the legal team representing the 13 Indian banks State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu &a Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Dr Mallya was unable to put forward any basis for contending that the disposal was not in breach of the Karnataka High Court's interim injunction, and accepted that it occurred after the Supreme Court had made clear that the injunction covered subsequently acquired assets It does, though, appear to me to have been in clear breach of the Karnataka court's order," he adds. "Dr Mallya declined to state in correspondence to whom the sword was given. "The sword of Tipu Sultan is an item of historic importance which Dr Mallya bought at an auction in 2003 for the equivalent of GBP 188,400 and states that he gave away in 2016 as his family members considered that it was bringing him bad luck," Judge Henshaw notes in his judgment. The judge also concluded that the businessman had been in "clear breach" of a Karnataka court's order when he disposed of assets like a historic sword of Tipu Sultan acquired at an auction in 2003. Most of his business interests were in or closely connected with India, most notably United Breweries Group and Kingfisher Airlines Whilst Dr Mallya has indefinite leave to stay in the UK, he is said to be a non-resident taxpayer," the court observed. "The evidence indicates that prior to March 2016 Dr Mallya travelled fairly regularly between India and England for business and political reasons. Denver got to the Chargers 9 before McManus was good from 27 yards.The High Court remained unconvinced by Mallya's claim that he has been a non-resident Indian (NRI) since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain (ILR). KJ Hamler hauled in a 47-yard pass to the LA 28. The Broncos were not content to run out the clock though. The Chargers converted all four of their third-down opportunities - including Ekeler's TD - on the drive, which took 7:40 off the clock.įollowing a Denver three-and-out, Los Angeles evened it at 10 on Hopkins' 37-yard field goal with 53 seconds remaining in the half. The Chargers answered on their ensuing possession, putting together a 15-play, 82-yard drive that was capped by Austin Ekeler's 6-yard run up the middle with the Los Angeles linemen helping him get across the goal line. The Dulcich TD was the Broncos' first in 87 minutes, 54 seconds. On the play before Dulcich's score, Wilson avoided a sack attempt by Khalil Mack and Chris Rumph II, scrambled right and connected with Jerry Jeudy for a 37-yard completion. ![]() Dulcich, a third-round pick from UCLA, was activated before the game after beginning the season on injured reserve due to a hamstring injury. Wilson was able to elude pressure, step up in the pocket and loft a pass up the right sideline to the rookie tight end, who caught it at the LA 15 and went untouched into the end zone for his first NFL touchdown. ![]()
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