UBS seeks possession of Mallya's â¹200 crore London house
UBS Group is seeking to foreclose on a $26.6-million (nearly â¹200 crore)  mortgage loan on Vijay Mallya's London house overlooking the city's Regent's Park. UBS said that a British Virgin Islands-based company owned by a Mallya family trust failed to repay the mortgage. The 62-year-old's five-year loan for the house expired in March 2017, the bank informed a London court.