Mallya in London. Mallya's case, argued by his counsel Clare Montgomery, appeared to be resting on three factors. • The Indian government's case reveals a "shocking" lack of appreciation of how companies function and of basic realities such as the effects of incorporation and the rights of shareholders. Compared with the slow and deliberate style of Summers, Montgomery was much more animated and occasionally threw up her arms to ridicule the Indian government's case. Dismissing the Indian government's suggestion, "he (Mallya) could not make a profit", she declared: "Nonsense!"

Source: The Telegraph December 05, 2017 21:11 UTC