LONDON: Tycoon Business Fugitive India Vijay Mallya and his family will be expelled from their Multi-million-pound London house after the Swiss mortgage Bank UBS won the rights in court on Tuesday to take over and sell it.
Mallya lives in a luxury-1 house registered at home 18-19 terrace Cornwall – two multi-storey houses converted into one house – facing the house of the Regent, with the actor of his 34-year-old son of Sidhartha and Mrs.
Lalitha, who was 95 years old, the wife of the deceased Industrial Industry Mallya.
If the family does not immediately go over their own will, they may be expelled from home by Bailiffs.
At the end of hearing in the Chancellor Division of the High Court in London on Tuesday, lawyers for UBS, Fenner Moeran QC, said the bank would not delay the law enforcement process.
The house was worth tens of millions of pounds.
Marsh’s Deputy Master of the High Court in London was dismissed on the application of Tuesday Rose Capital for an inpower period and also refused to remain delaying prosecution.
It also refused permission to appeal, said: “Rose Capital’s position is truly hopeless.” He said the company “has had more than enough time to complete this and I am satisfied with no real prospects that other judges will take different views and you will succeed with appeal.” Daniel Margolin, representing Mallyas, said: “It will have serious consequences for my clients, including Vijay Mallya and a 95-year-old woman”.
He requested “the execution of the cooling appeal in law enforcement officers began to appear in the next few days”.
This is rejected.
However, Rose Capital and Mallya planned to compete for Tuesday’s judgment by finding permission to appeal from different judges, but, because there was no stay, Bailiff can now enter the house.
Malla has another house in Tewin, Hertfordshire, which he bought from Formula One driver’s father Lewis Hamilton, Anthony, worth more than Rs 100 Crore.