Vijay Mallya London home Case: Lost case and his London home to Swiss Bank UBS.
Downfall in Vijay Mallya’s continues now that he is losing his properties in the UK. Vijay Mallya London home case goes in favor of Swiss Bank UBS.
Mallya London Home is no more a Mallya house. It is now the property of Swiss Bank UBS. Vijay Mallya London home case goes against him, and he loses his place in London.
London court on Vijay Mallya home in London:
London court gave absolute rights to Swiss Bank UBS to take Control of Vijay Mallya’s luxury home. His dues are unpaid, so he has no right to stay in that London home.
Richie Rich to Beggar story of Vijay Mallya:
From everything to nothing, is most suitable story relates to Mallya. We show this man’s rise to the top in India with all the amenities, bikini girls, personal yachts, airlines, etc. But this all got to end in his life. He is becoming a beggar in India and now in the UK. This man has taken so many loans that he cannot pay, which is now hurting him. This time he loses cases in UK London court against Swiss UBS Bank.
The court refused to give Mallya a stay of enforcement in a long-running dispute with the Swiss bank. Delivering his judgment almost for the Chancery Division of the High Court, Deputy Master Matthew Marsh also rejected approval to demand against his grant a brief stay of enforcement.
UBS can take Authority of the luxury townhouse of MALLYA, 18/19 Cornwall Terrace, which tends to Regent’s Park in London. Mallya and his household members stand a chance of being expelled from their homes. Mallya was not available for any comment to press on this court decision.
He cannot repay a 20.4-million loan to UBS. So he cannot stay in this London home. “The claimant’s role was good one more distant time is not likely to make any range difference,” Deputy Master Marsh ruled, new wire PTI said, citing the ruling.
Vijay Mallya is currently on bail, while a private hearing related to his application following asylum in the country is living heard too.
