Vijay Mallya settles for more time to pay up for London home – Times of India

London: Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home. The bank had sought possession of the 63-year-old businessman’s plush cornwall terrace apartment over the non-payment of a 20.4-million pounds loan and a trial in the case was due last week.

Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April 2020 to pay off a mortgage loan for his central London home. Mallya settles for more time to pay up for London home.

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In a fresh blow to beleaguered UB group chairman vijay Mallya. the agreement, Mallya had announced that he would shift to London to spend more time with his children. In a statement on Sunday night.

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“Racing time!!!! good luck @forceindiaf1 #silverstone #f1” (Photo: Instagram) Read Less See more of : Vijay Mallya, Siddharth Mallya Vijay Mallya, Siddharth Mallya Once touted as India’s Richie Rich,

Mallya settles for more time to pay up for London home Steven International London : Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home.

Mallya. London, Stephen Doherty, probably summed up the mood: “I would also observe that rumours of the kind you allude to have been doing the rounds in India since I started at Diageo five and a.

Vijay Mallya gets one more year to pay up for his London home The bank had sought possession of the 63-year-old businessman’s plush Cornwall Terrace apartment over the non-payment of a 20.4-million pounds loan and a trial in the case was due last week.

The case relates to a mortgage taken out by Rose Capital Ventures, one of Mallya’s companies. London: Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow.

Embattled liquor tycoon Vijay Mallya has settled a legal dispute with Swiss bank UBS to allow him time until April next year to pay off a mortgage loan for his central London home.