Joke of the Month - Lalit Modi Bankrupt.....

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Joke of the Month - Lalit Modi Bankrupt.....

Post by Batman on Tue 20 Mar 2012, 04:40

Its not even first of April......
IPL founder Modi declared bankrupt in London court! - Link

Former IPL commissioner Lalit Modi has been declared bankrupt in a London court over unpaid bills of 65,000 pounds (Rs 53 lakh approx) owed to a private security firm.


According to a report in The Telegraph daily, the order was passed last month and comes at a time when Modi is awaiting the judgment from a libel trial with the retired New Zealand all-rounder Chris Cairns.

Modi owes the Page Group, an international securities and risk assessment company, fees for services provided in 2010.

Modi in his defence, said "Until the order was served, I was completely unaware of any outstanding monies. I have not seen any previous demands but since it came to my attention, I've even offered to lodge the sum being claimed with the court pending clarity. But for some reason, that was refused, by the company concerned."

The former BCCI vice-president and cricket entrepreneur, who now lives in London, feels that it is an attempt to gain cheap publicity by the securities firm.

Stuart Page, the company's chairman, said: "It's unfortunate that we have come to this situation but Modi has given us no other option. We gave Modi a number of security services in relation to threats made against him and his family. We submitted a number of invoices which were not paid."

Page further stated: "(Our) attempts to reach a settlement with Modi were to no avail and we were forced to take the action we have taken."

A hearing will be held in London shortly when Modi will attempt to have the order set aside.

"It is a ridiculous waste of everyone's time and I can only assume it is being done in an attempt to gain some sort of publicity at my expense. Any suggestion that this order means I am unable to pay is equally ridiculous," Modi said.

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Re: Joke of the Month - Lalit Modi Bankrupt.....

Post by Batman on Tue 20 Mar 2012, 04:40

Can a London court declare anyone bankrupt over unpaid fees? I would love to petition them to put BCCI to trial..... Laughing

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Re: Joke of the Month - Lalit Modi Bankrupt.....

Post by Brass Monkey on Tue 20 Mar 2012, 05:07

Strange one. He's no doubts minted. Still, he's a qunt and the likelihood is he's a f*cking stinge. So any chance to f*ck him over is agreeable with me.

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Re: Joke of the Month - Lalit Modi Bankrupt.....

Post by PeterCS on Tue 20 Mar 2012, 06:58

It menaces one of his bank accounts, one of his divisions or companies, probably!

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Re: Joke of the Month - Lalit Modi Bankrupt.....

Post by Brass Monkey on Tue 20 Mar 2012, 07:11

He's been morally bankrupt for years... aw haw haw

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