India finally receives its share of £35mn from Nizam funds

Tuesday 18th February 2020 15:10 EST
 

The Indian High Commission in London has finally received its share of £35mn of the ruler of erstwhile Hyderabad state, which has been lying locked up in a London bank in dispute for over seventy years with Pakistan, according to a report by the Times of India.

India won the seven decades old legal dispute over funds belonging to the 7th Nizam of Hyderabad at the UK Court last year. The High Court of England and Wales, in a landmark judgement on October 2, 2019, ruled in favour of India and the Nizam's descendants and dismissed Pakistan's claims in a legal battle involving £35mn.

The judgement was delivered by Justice Marcus Smith. The court ruled that those claiming in right of Nizam VII- his grandsons and India were now entitled to the Nizam Funds.

According to the report by TOI, lawyers representing the titular 8th Nizam confirmed to them that the client had received his share of the fund and 65% of his legal costs too. India’s share of the £35 million is believed to be a significant sum, running into millions of pounds. It will now be remitted to New Delhi.


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