Modi claims dismissal of bankruptcy order against him
London: Former IPL Chairman Lalit Modi on Wednesday claimed that the bankruptcy order against him over unpaid bills allegedly owed to a private security firm has been annulled in the High Court here.
A London court had in February passed the bankruptcy order that Modi owed unpaid bills of 65,000 pounds (Rs 53 lakh approx) to a private security firm.
Reports said that Modi owed Page Group, an international securities and risk assessment company which has its head office here, the unpaid bills for fees for services provided in 2010.
"Lalit Modi`s position on a bankruptcy order he maintained `should never have been made` has been vindicated after it was annulled in the High Court in London. The order was originally made following an application by an alleged creditor," according to a communication by Modi`s spokesman.
The same message was posted by Modi himself on his Twitter page.
"Mr Modi made an application for annulment on the grounds that the order should not have been made and at 11:15 am on Wednesday, Mr. Justice Newey granted the application," the spokesman said.
"This was an order that should never have been granted in the first place, so I`m delighted it has been dismissed", Modi said in his reaction.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Helicopter ferrying 6 pilgrims, woman pilot crashes near Katra
- Growing sense of despondency in India from last 6-8 months: Aamir Khan
- 8th Ramnath Goenka Awards: Sudhir Chaudhary awarded for Excellence in Journalism
- Tejashwi Yadav takes charge as Deputy CM of Bihar
- Arvind Kejriwal clarifies his friendly gesture with Lalu Prasad Yadav
- Karnataka, Madhya Pradesh bypoll results: As it happened on November 24
- Rahul's mails nail Peter Mukerjea's involvement in Sheena Bora murder case?
- Lesson for jihadi aspirants? ISIS says Indians not good enough as 6 out of 23 fighters from India are killed
- Aamir Khan feels intolerance growing in India, says his wife suggested moving out of India
- Intolerance issue: When did ‘Incredible India’ become ‘Intolerant India’, Anupam Kher asks Aamir Khan