UK HC rules Hyderabad Funds case in favour of India

02 Oct 2019 06:12 PM

UK HC rules Hyderabad Funds case in favour of India

Updated 02 Oct 2019 06:12 PM

The UK High Court today upheld the claims of India in the 70 years old £35 million fund that is being held by the National Westminster Bank in London.

The Fund had been held in the account of the High Commissioner of Pakistan to the UK Rahimtoola since September 1948. It had been the subject of earlier proceedings in 1950s in which the UK House of Lords set aside proceedings brought by the 7th Nizam of Hyderabad claiming the Fund as Pakistan invoked state immunity.

In 2013, Pakistan commenced fresh proceedings herself, thereby waiving state immunity. A subsequent attempt by Pakistan to discontinue the proceedings was rejected as an abuse of process by the UK Court.

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