Vijay Mallya settles for more time to pay up for London home – Times of India

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Vijay Mallya settles for more time to pay up for London home BusinessTeam The bank had sought possession of the 63-year-old businessman#39;s plush cornwall terrace apartment over the non-payment of a 20.4-million pounds loan and a trial in the case was due last week.

Vijay Mallya gets one more year to pay up for his London home The bank had sought possession of the 63-year-old businessman’s plush Cornwall Terrace apartment over the non-payment of a 20.4-million pounds loan and a trial in the case was due last week.

The UK High Court has ordered embattled liquor tycoon Vijay Mallya. Bank of India (SBI) were entitled to recover funds amounting to nearly 1.145 billion pounds. As part of the judgment, the court.

The Enforcement Directorate has attached properties owned by him in India and it is trying to do the same abroad liquor baron vijay Mallya was arrested on Tuesday in London after Enforcement. of UB.

London: Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. The bank had sought possession of the 63-year-old businessman’s plush Cornwall Terrace apartment over the non-payment of a 20.4-million pounds loan and a trial in the case was due last week.

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Mallya had one week’s time to challenge the. he escaped to London on March 2. A consortium of PSU banks have approached the Supreme Court where Mallya’s lawyers submitted that he was willing to pay.

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London, May 14 (PTI) Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. The bank had sought possession of the 63-year-old businessman’s plush Cornwall.

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A week later, after a London court. Now, Mallya says that he is willing to pay back everything he owes, and, if genuine, this is an eminently reasonable offer that benefits all. But no politician.