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Modi claims bankruptcy dismissal

Press Trust Of India
Apr 11, 2012 at 07:53pm IST

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 approximately) 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 the 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 The order was originally made following an application by an alleged creditor," according to a communication by Modi's spokesman.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 response.

Modi claims dismissal of court bankruptcy order

The former IPL boss claims the bankruptcy order against him has been annulled in a London High Court.

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