Vijay Mallya & Family Loses Legal Battle To Retain London Home; Faces Eviction
Indian fugitive business tycoon, Vijay Mallya and his family, will be evicted from their lavish home in London. Vijay Mallya held a mortgage obtained from Swiss Bank UBS on the property. The mortgagee won the case against Mallya after he failed to meet a previous repayment deadline in April 2020. The Court refused a request by Mallya`s lawyers for a stay on repaying the UBS loan.