The ex-husband of the daughter of one of India's richest men has lost a London divorce court money battle.
City investment strategist Ankul Daga, 36, wanted a judge to order Aparna Bangur, 34, whose father is billionaire businessman Krishna Kumar Bangur, to hand him a £1 million lump following the breakdown of their decade-long marriage.
Mr Daga, who initially wanted £2.5 million, argued that Ms Bangur had assets of more than £2 million and https://daga88.skin/ would benefit from trusts containing more than £17 million.
According to his profile on website the chairman of Graphite India Krishna Kumar Bangur (pictured), is worth about £1.3 billion
But Mr Justice Holman has dismissed his claim after analysing evidence at a trial in the Family Division of the High Court in London.
The judge said Mr Daga earned £130,000 a year and did not 'need' money from his ex-wife.
He also concluded that Ms Bangur, who works in public relations and earns about £40,000 a year, did not have access to assets of more than £2 million or access to millions held in trusts.
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Mr Justice Holman said Mr Daga had 'wiped out' £150,000 in savings and run up debts of more than £70,000 to pay for lawyers.
He said the case should serve as a 'cautionary tale'.
During the divorce battle Mr Justice Holman dismissed Ankul Daga's request for £1million. The judge said Mr Daga earned £130,000 a year and did not 'need' money
The judge said Mr Daga and Ms Bangur, who had met when students at Warwick University about 15 years ago and lived in London, had run up £650,000 in legal bills between them fighting over money.
He said they had spent about £1 million in total on litigation.
The judge said he would not order Mr Daga to cover any of his ex-wife's legal bills.
He said such an order would have a 'crippling' effect and would not be fair.
A profile on website Krishna Kumar Bangur, who is chairman of Graphite India and gave evidence at the trial, is worth about £1.3 billion.
His $507 million company was founded in 1962 and supplies steelmakers in India and overseas.
London
City investment strategist Ankul Daga, 36, wanted a judge to order Aparna Bangur, 34, whose father is billionaire businessman Krishna Kumar Bangur, to hand him a £1 million lump following the breakdown of their decade-long marriage.
Mr Daga, who initially wanted £2.5 million, argued that Ms Bangur had assets of more than £2 million and https://daga88.skin/ would benefit from trusts containing more than £17 million.
According to his profile on website the chairman of Graphite India Krishna Kumar Bangur (pictured), is worth about £1.3 billion
But Mr Justice Holman has dismissed his claim after analysing evidence at a trial in the Family Division of the High Court in London.
The judge said Mr Daga earned £130,000 a year and did not 'need' money from his ex-wife.
He also concluded that Ms Bangur, who works in public relations and earns about £40,000 a year, did not have access to assets of more than £2 million or access to millions held in trusts.
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Mr Justice Holman said Mr Daga had 'wiped out' £150,000 in savings and run up debts of more than £70,000 to pay for lawyers.
He said the case should serve as a 'cautionary tale'.
During the divorce battle Mr Justice Holman dismissed Ankul Daga's request for £1million. The judge said Mr Daga earned £130,000 a year and did not 'need' money
The judge said Mr Daga and Ms Bangur, who had met when students at Warwick University about 15 years ago and lived in London, had run up £650,000 in legal bills between them fighting over money.He said they had spent about £1 million in total on litigation.
The judge said he would not order Mr Daga to cover any of his ex-wife's legal bills.
He said such an order would have a 'crippling' effect and would not be fair.
A profile on website Krishna Kumar Bangur, who is chairman of Graphite India and gave evidence at the trial, is worth about £1.3 billion.
His $507 million company was founded in 1962 and supplies steelmakers in India and overseas.
London