Car Collector Fights Financier's £1.8M Suit Over Aston Martin

Law360, London (January 13, 2020, 5:34 PM GMT) -- A luxury car collector told a London court that he does not owe a financier £1.8 million ($2.3 million) under a botched plan to buy an Aston Martin sports vehicle, saying the lender saddled him with an "extortionate" loan and then blocked him from selling the car to pay his debts. 

Businessman Sandeep Singh Kooner hit back at lender Reditum SPV 2 Ltd. in a counterclaim filed with the High Court on Jan. 6, claiming the company broke a promise to let him sell a limited-edition Aston Martin to repay Reditum's loan. 

Rather than letting him pay his debts, Kooner claims that Reditum...

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