İrem UZUN-TDO- A decades-old legal dispute between the state of Pakistan and colonial-era Indian royalty has finally been settled, with the U.K. High Court recognizing the rights of the Indian royals to $45 million that has remained untouched in a London bank account since 1948.The dispute began in 1948 when the last Nizam (king) of Hyderabad deposited £1m in the UK account, held by the then Pakistan high commissioner. With interest, the sum has grown to $45m.
Neither party were able to access the funds until now."We are delighted that today's judgment recognizes His Exalted Highness the VIII Nizam's rights to funds which have been in dispute since 1948," Paul Hewitt, a partner at the Withers LLP law firm who represented the Hyderabad royals, said in reaction to the news. "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."