Hyderabad: Pakistan has no intention of opting for an out-of-court settlement regarding the £35 million Hyderabad Funds case, according to the descendants of Nawab Mir Osman Ali Khan, Nizam VII.
The money has been lying in a London bank for almost seven decades.
In 2008, when 12 families met the Pakistan High Commissioner and represented the case, the Pakistan government was totally silent on the possibility of any out-of-court settlement.
“We met three Pakistan high commissioners and submitted our representation. However, they hosted us with tea and biscuits, but there was no word on resolving the case,” said a descendant of Nizam VII.
Nawab Najaf Ali Khan, grandson of Mir Osman Ali Khan told DC: “We have been wrongly quoted as saying that India and Pakistan have no right over the Hyderabad Fund case. Instead, I, who, represents the descendants, except for Prince Mukarram Jah and Prince Muffakham Jah, welcome the decision and will accept whatever the court’s judgment will be. We are open to dialogue. The summary of the judgment is likely to come in 15-20 days. The trial will start afresh, this case proceed at a very slow pace.
On Tuesday, a UK court had ruled in favour of a full trial in the case. However, Pakistan had claimed that the UK court had rejected India’s plea to dismiss its claim on the nearly Rs 350 crore involved.
