{"id":190950,"date":"2021-07-30T10:33:51","date_gmt":"2021-07-30T05:03:51","guid":{"rendered":"https:\/\/www.indialegallive.com\/?p=190950"},"modified":"2021-07-30T11:25:01","modified_gmt":"2021-07-30T05:55:01","slug":"vijay-mallya-declared-bankrupt-by-london-court","status":"publish","type":"post","link":"https:\/\/www.indialegallive.com\/world-news\/globetrotter-news\/vijay-mallya-declared-bankrupt-by-london-court\/","title":{"rendered":"Vijay Mallya declared bankrupt by London court"},"content":{"rendered":"\n

Vijay Mallya declared bankrupt by London court<\/strong><\/p>\n\n\n\n

The week brought bad news for the King of Good Times, Vijay Mallya, as the Insolvency and Companies Court of the London High Court<\/a><\/strong> declared the former liquor baron of India, fugitive from Indian law, bankrupt. The verdict delivered by Chief Insolvency and Companies Court (ICC) judge Briggs was simple: \u201cThere is no evidence he will go back to India to face trial, so I find insufficient evidence he will pay the debt in full in a reasonable period of time. I shall adjudicate Dr Mallya bankrupt.\u201d<\/p>\n\n\n\n

Mallya, though, still has the option of seeking permission to appeal from a higher court. He has fought extradition cases, but has lost all. Yet he did not return to India to face trial. What Mallya has to do now is submit all his assets, including credit cards, bank accounts, etc, to a bankruptcy trustee. The trustee will assess the actual value of his assets and liabilities and will decide the assets that can be sold to reply debtors. Bankruptcy means that Mallya\u2019s assets are far less than what has been demanded by his creditors. As per the law, if a person is declared bankrupt, he or she must cooperate with the trustee.<\/p>\n\n\n\n

Human rights issues: Russia takes Ukraine to European court <\/strong><\/p>\n\n\n\n

The Russians are going to court. Keeping aside general strong-arm tactics, the country is now concentrating on court cases. Now the Russians are taking Ukraine to the European Court of Human Rights (ECHR). Allegations range from violence during anti-government protests and the downing of flight MH17 in 2014. This will be Russia\u2019s first-ever interstate complaint with the ECHR. The Russian Prosecutor General\u2019s Office, which took over the Justice Ministry in representing Moscow at the ECHR, issued a 10-point list of grievances. They are:<\/p>\n\n\n\n