Page14.Qxd (Page 1)
Total Page：16
File Type：pdf, Size：1020Kb
THURSDAY, OCTOBER 3, 2019 (PAGE 14) DAILY EXCELSIOR, JAMMU UK court dismisses Pak’s claim over Nizam’s funds; rules in favour of India LONDON/ISLAMABAD, Oct 2: ing/ facilitating the sup- annexation of Hyderabad in ply and/or transportation 1948 was an unlawful act, In a major setback for Pakistan, of weapons. The second which tainted India and Nizam the UK High Court today ruled in ground was that the funds VIII's claim. favour of India in a decades-old were transferred in order The UK High Court, during legal dispute with Islamabad over to keep them out of the a trial earlier this year, had been funds belonging to the Nizam of hands of India, referred to asked to determine the central Hyderabad at the time of Partition by the judge as the question of who exactly is the in 1947 and deposited in a London Safeguarding Argument. beneficial owner of the funds bank account. Pakistan had made belonging to the late Nizam, The Nizam's descendants, two further arguments Osman Ali Khan. While the Prince Mukarram Jah the titular that the facts of this Nizam, who faced the quandary eighth Nizam of Hyderabad and funds were transferred to compen- case were such as to of joining Pakistan or staying his younger brother Muffakham render it non-justiciable because with India at the time of the Jah, had joined hands with the sate/reimburse/indemnify Pakistan for assistance provided in procur- the original transfer was govern- funds transfer back in 1948, had Indian Government in the legal mental in nature and that India's later reportedly sought the battle against the Pakistan gov- return of the funds.(PTI) ernment over around 35 million pounds lying with NatWest INDIA'S FAMOUS ASTROLOGER Bank Plc here. THE CITIZENS' CO-OPERATIVE BANK LTD. In his judgment handed down With divine blessing from Maa Bhagwati ADM. OFFICE ; 68 B/D GANDHI NAGAR, Jammu at the Royal Courts of Justice in London, Justice Marcus Smith PANDIT SWAMI JI MAHARAJ EPBAX:2432058, FAX NO.; 0191- 2432036 ruled that the Nizam VII was ben- SWAMI JI IS HERE IN JAMMU FROM eficially entitled to the Fund and those claiming in right of Nizam 19TH SEPT. 2019 TO 7TH OCTOBER 2019 VII the Princes and India are With blessing from Maa Bhagwati he can read your 42ND FOUNDATION DAY entitled to have the sum paid out face and palm and predict your future. He can provide The Citizens' Cooperative Bank Ltd. Jammu to their order. solution to any problem related to health, no issue, "Pakistan's contentions of non- extends greetings to all its Members, Patrons progress in business, promotion in your job, problems justiciability by reason of the for- and Customers on the 42nd Foundation Day of from enemies, physical ailments, spiritual, political, legal, eign act of state doctrine and non- the Bank. As a mark of celebration Bank is enforceability on grounds of ille- increase in wealth, leading a happy and peaceful life, gality both fail," the verdict notes. love and marriage foreign tour etc. Everybody from offering special concession in interest rate on The dispute revolves around actors to politicians and industrialists to the common Car Loans to the Members/ Customers of the Bank 1,007,940 pounds and nine man has been benefitted. You are also cordially invited to shillings transferred in 1948 from during the month of October 2019. reap the benefits. People who have lost faith in astrology the then Nizam of Hyderabad to Parveen Sharma the High Commissioner in Britain are also requested to meet Pandit atleast once. of the newly-formed state of Respected ladies and dear sisters are also requested to Chairman Pakistan. That amount has since meet. Thousands throughout the country have been ben- On behalf of the Board of Directors grown into 35 million pounds as efitted. It's your turn now. The Citizens' Cooperative Bank Ltd. Jammu the Nizam's descendants, support- ed by India, claimed it belongs to Please visit with prior appointment them and Pakistan counter- Timing: 9.00 am to 7.00 pm. Cell.No. 9906326517 claimed that it is rightfully theirs. Room No.101, Hotel Log Inn near DPS School Lane "We are delighted that today's judgment recognises His Exalted Residency Road, Shahidi Chowk, Jammu. Highness the VIII Nizam's rights to funds which have been in dis- pute since 1948. Our client was still a child when the dispute first arose and is now in his 80s. It is a great relief to see this dispute finally resolved in his lifetime," said Paul Hewitt, partner in Withers LLP, who have acted for the VIII Nizam since Pakistan issued proceedings in 2013. "Justice Smith's judgment covers a complex historical and legal set of issues, interpreting facts and events that occurred 70 years ago to establish that the funds, which now amount to 35 million, were always held in trust for our client's grandfather, the VII Nizam. The judgment also makes important findings on justi- ciability and whether a nation state can be a trustee," he notes. In 2013, Pakistan had waived sovereign immunity by issuing a claim for the fund that opened the way for the current case to pro- ceed. The Pakistan government's legal team had claimed the fund on two alternative bases. One, referred to as the Arms for Money Argument, claimed that.