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cnewstv.in / 19.01.2022/ London / Contact us for news & information 9916660399

London High Court: Mallya instructed to leave luxury palace

LONDON: India’s controversial businessman Vijay Mallya has been given a shock by a London court for stepping out of his luxury palace.

Vijay Mallya loses in legal battle over Mallya’s luxury residence The trial of a financial irregularity case in the courtroom has come to an end.

High Court Chancery Division Deputy Master Matthew Marsh, in a verdict on the verdict, said there was no justification for Mallya and his family members to repay the $ 20.4 million loan owed to UBS Bank.

In London, the 18/19 Cornwall Terrace luxury housing complex is expensive and worth hundreds of millions of pounds.

UBS could not expel Mallya because of the Kovid rules. But today’s ruling paves the way for UBS’s re-acquisition of the property.

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