Mallya allowed some access to UK court-held funds to meet legal, living expenses
Shortpedia
Content Team
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Embattled liquor tycoon Vijay Mallya was granted access to around 1.1 million pounds from court-held funds to meet his living expenses and legal costs by the High Court in London on Monday. Deputy Insolvency and Companies Court Judge Nigel Barnett presided over a remote hearing to rule over the level of access to the funds held with the Court Funds Office (CFO), as part of bankruptcy proceedings.
