Pramod Mittal, who spent 50 million on his daughters wedding, owes 130 million to UK firm.
IN LONDON Pramod Mittal, younger brother of steel magnate Lakshmi Mittal and himself a former steel tycoon, has been declared bankrupt by the Insolvency and Companies Court in London. Pramod Mittal, who spent 50 million on his daughters wedding, owes more than 130 million to Moorgate Industries, a British company. Mittals lawyers have indicated they would appeal the bankruptcy order.
Judge Burton issued the bankruptcy order on June 19, after dismissing Mittals application seeking a 12-week adjournment. The court also did not agree with any of the four grounds on which Mittal sought to oppose the bankruptcy order, which included that the petition by M…
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