Pak loses to India in UK court over Nizam funds |
UK`s High Court on Wednesday, ruled in favour of India and dismissed Pakistan`s claim over funds belonging to the late seventh Nizam of Hyderabad at the time of Partition in 1947 which is now worth around 35 million pounds.The ruling marks an important conclusion to the over 70-year-long legal dispute which also witnessed the Indian government, the descendants of the seventh Nizam and the administrator of his estate burying their differences and entering into a confidential settlement agreement last year, which meant the case was effectively an India-Pakistan clash in the British courts. The Nizam`s descendants, Prince Mukarram Jah - the titular eighth Nizam of Hyderabad - and his younger brother Muffakham Jah, joined hands with the Indian government in the legal battle against Pakistan for possession of over around 35 million pounds lying with NatWest Bank plc in London. NatWest Bank held on to the funds deposited into the London bank account of then Pakistan High Commissioner Habib Ibrahim Rahimtoola in safekeeping until its rightful legal owner is established.
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