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

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Indian liquor baron Vijay Mallya, who left the country as he faced pressure from banks to repay more than. to step up recovery of a mountain of bad loans, which make them less able to lend to the.

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.

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A special court in Mumbai on Saturday issued summons to absconding liquor baron Vijay. time that action has been initiated invoking the new Ordinance promulgated by the government to tackle.

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.

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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.

As the banks closed in on Vijay Mallya and urged his arrest, the Indian liquor magnate’s penchant for good times’ has brought. to avoid a big gala in India for his 60th birthday and instead have a.

Flamboyant tycoon Vijay Mallya never. have him extradited. Mr Mallya, 61, was once known as the “King of Good Times” for his hard-partying, opulent lifestyle. He made his fortune by building up.

Vijay Mallya Settles For More Time to Pay up For London Home The bank had sought possession of 63-year-old Mallya’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.

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