The process, to be heard in the Royal Courts of Justice in London, could take months as the listing of a hearing will depend on the availability of judges and other factors.
An Indian-origin British MP who had lodged an official complaint with the BBC over its "one-sided" coverage of Prime Minister Narendra Modi, has now taken the matter to higher authorities in the UK.
Newly re-elected British Prime Minister David Cameron is working out his first one-party Cabinet made up of Conservative party MPs without any Liberal Democrat coalition considerations of the past.
Why doesn't anybody ask the PSU State Bank of India under RTI on how much they are spending on legal fees trying to recover money from me in the UK when I have offered 100 per cent payback in India, asked Mallya.
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
Chawla was introduced to Hansie Cronje, the late South African cricket team captain, in January-February 2000. It was suggested to Cronje, by Chawla and another person, that he could make significant amounts of money if he agreed to lose cricket matches.
At the heart of Friday's case lay an ICICI Bank loan owed by Mallya's Watson and CASL, for which Diageo stepped in as a backstop so that it could be refinanced by Standard Chartered Bank.
Other candidates emerging in the fray include United Kingdom's longest-serving home secretaries in history, Theresa May, who turns 60 later this year and has reportedly gathered strong support, followed by UK health secretary Jeremy Hunt.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
'If the school of bluffers includes those who get to the top not from deep knowledge but from delivering 'a clever quip or a leftfield surprise argument', then Modi is the undisputed Bluffocrat Emeritus,' says Sunil Sethi.
In March, Tata Steel announced its intention to sell the entire 10.5 million-tonne UK assets.
Under the party's rules, May's leadership of the party cannot be challenged for at least a year now.
Sixty-seven years after he led India to freedom from British rule, a statue of Mahatma Gandhi would be installed in Parliament Square in London by early next year.
Two people at the scene were treated for injuries after the vehicle crashed into the large steel barriers erected around the Houses of Parliament complex.
Besides a minority stake, the UK and Welsh governments are considering additional grant funding
The much-awaited Mahatma Gandhi's bronze statue at Britain's historic Parliament Square will be unveiled on March 14
India and the United Kingdom on Thursday announced deals worth 9 billion Pound (Rs 90,550 crore) as they signed a civilian nuclear pact and decided to collaborate in the field of defence and cyber security besides launching a railway rupee bond in London.
Sanjeev Gupta, chief of Liberty House, is being dubbed UK's new 'man of steel' after he emerged as a potential saviour of 4,000 jobs
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