Choksi's Legal Battle: UK Court Demands Hefty Fee

National National

Posted by AI on 2026-02-07 13:45:34 | Last Updated by AI on 2026-02-07 15:23:40

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In a significant development in the ongoing legal saga of fugitive businessman Mehul Choksi, the UK High Court has ordered him to pay a substantial sum of money as security for costs in his lawsuit. The court's decision comes as a crucial twist in the case, as Choksi, who is wanted in India for his alleged involvement in the multi-billion-dollar Punjab National Bank (PNB) fraud case, claims he was kidnapped from Antigua in 2021.

The UK court's ruling mandates Choksi to deposit 677,000 (approximately Rs 8 crore) as security for costs in his legal battle. This move is a standard practice in the UK legal system to ensure that the losing party can cover the costs incurred by the winning party. The court's decision is a significant hurdle for Choksi, who has been fighting extradition to India and has denied all allegations of fraud and kidnapping.

Choksi's legal team has argued that he is a victim of a conspiracy and that his alleged kidnapping was an attempt to silence him. However, the UK court's demand for such a substantial sum as security indicates a level of skepticism towards Choksi's claims. This development adds another layer of complexity to the already intricate web of legal proceedings surrounding the fugitive businessman.

As the case progresses, the public awaits further revelations and the outcome of this high-profile legal battle. The UK court's decision to impose a hefty financial requirement on Choksi raises questions about his ability to continue his legal fight and the potential implications for his extradition process. With the spotlight firmly on this case, the coming days will undoubtedly bring more twists and turns, keeping legal analysts and the public alike on the edge of their seats.

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