Vijay Mallya, a fugitive businessman from the country, has got a big setback from the British court. Vijay Mallya will now have to vacate the luxurious London Mansion house along with his family. The British Court has rejected Mallya’s plea. After the dismissal of the petition, Vijay Mallya is left with no other option but to leave his London house.
Mallya had appealed to the court
Let us tell you that a few days ago Vijay Mallya was ordered to vacate his London house, against which Vijay Mallya had filed a petition in the court. But now this petition has been rejected by the court. However, getting Vijay Mallya’s house vacated is not part of the Government of India’s action.
Why is this action being taken?
Let us tell you that in a long-running legal dispute with Swiss bank UBS, order was given to vacate this house of Vijay Mallya. As soon as the house becomes vacant, the Swiss bank will take over it and sell it to repay Mallya’s loan.
Court refuses to grant additional time
Judge Matthew Marsh of the Chancery Division of the London High Court said in his ruling that there was no ground to grant additional time to the Mallya family to clear the dues. This means that Mallya can be evicted from this property. Mallya has to return the loan of 204 million pounds to this Swiss bank. Mallya’s 95-year-old mother lives in this house in London.