Swiss bank can take possession of Mallya's London house: Court
A UK court has ruled in favour of Swiss bank UBS to take possession of Vijay Mallya's Central London house. UBS claimed that the 62-year-old defaulted on a Â£20.4-million (â¹185 crore) five-year mortgage loan, which expired in 2017. The property was referred to in the court as a "high-class home for Dr Vijay Mallya and his family members and...corporate guestsâ.