Pramod Mittal, Tycoon who spent $50M on his daughter’s wedding declared bankrupt


Team Udayavani, Jun 30, 2020, 11:09 AM IST

Pramod Mittal, younger brother of steel magnate Lakshmi Mittal  has reportedly been declared bankrupt with debts running to more than £130 million,

It is said that Pramod Mittal’s  bankruptcy might have occurred from his role as a guarantor in 2006 for the loans of Global Ispat Koksna Industrija Lukavac (GIKIL), Bosnian’s largest producer of coke used in steel manufacturing.

Also, the elder Mittal, who is the UK’s 19th richest man, won’t come to his brother’s aid as the debt has nothing to do with him.

Pramod Mittal had spent £50 million on his daughter’s wedding which is considered as the world’s most expensive wedding

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Man declared dead wakes up before cremation, 3 doctors suspended in Rajasthan

Teen stabs man to death at railway station in Mumbai after quarrel over local train seat

BJP stages protest against Karnataka govt over Waqf properties row

Youth attempts suicide after being humiliated in public for wearing ripped jeans in Belthangady

India crawl to 51 for 4 after losing top-order

Related Articles More

Baku climate talks: The ‘X’ factor that could determine future of Global South

Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial

Gautam Adani charged in US with USD 250 mn bribery, fraud

India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra

RBI cautions public about ‘deepfake’ video of governor being circulated on social media

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

Centre releases 15th Finance Commission grant for rural local bodies in Karnataka

Kharge confident of Cong and allies coming to power in Maharashtra, Jharkhand

‘Nation First’ key to India’s progress, says President Murmu

Karnataka BJP chief Vijayendra slams Cong govt over Waqf notices to farmers, fund crunch

Priyanka joining forces with Rahul in Parliament will give ‘sleepless nights’ to BJP: Pilot

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.