Batelco Group has announced that it continues to strengthen its efforts to seek payments from NRI entrepreneur C. Sivasankaran after an English court order in favour of the former over a litigation between the two firms.
Bahrain-headquartered telecommunications firm said two of its applications were successful in the English High Court as part of its ongoing efforts to claim $212 million from its former Indian partner.
First application of BMIC Ltd., fully-owned subsidiary of Batelco, was to extend indefinitely a world-wide freezing order against the assets of C Sivasankaran and Siva Ltd. (the defendants). The Court also ordered Mr. Sivasankaran to provide a further affidavit to BMIC on an expedited basis addressing apparent deficiencies with the statements of assets he has provided pursuant to the freezing order, said a statement of the company.
Its second application was for an order against Mr. Sivasankaran to provide comprehensive documentary disclosure about the nature, value and location of his assets globally and then to attend court to be cross-examined about those assets.
“We will continue to use all available options to ensure that Mr. Sivasankaran and Siva Ltd do not avoid their legal obligations to BMIC. These successful applications confirm our resolve to have our debt fully and promptly paid,” said Alan Whelan, Group CEO of Batelco.
Batelco won its litigation against Mr. Sivasanakaran and Siva Ltd. in England after the latter was accused of failing to honour a settlement agreement signed in November 2011 relating to a commercial venture into which both parties had entered in 2009. The defendants were ordered to pay the judgment debt of $212 million by June 26, 2014.
