Pramod Mittal’s Bankruptcy Case in UK Gets Extended

Billionaire steel magnate Lakshmi Mittal’s younger brother Pramod Mittal was due to be automatically freed from bankruptcy in Britain on Wednesday but has had his bankruptcy suddenly extended by the London high court for failing to cooperate with the bankruptcy trustee. Mittal, an Indian citizen, whose brother is one of the richest men in the world, was declared bankrupt by the high court on June 19, 2020, after failing to settle a judgment debt against him of 139 million pounds, (Rs 1,433 crore), which led to Moorgate Industries UK, to whom he owes the debt, presenting the bankruptcy petition. Read more.