London: High Court Judge Deputy Master swamp has reserved its decision on whether to stay the order of forced possession Vijay MallyaMulti-million pound luxury townhouse, 18/19 Cornwall Terrace overlooking Regent’s Park London,
swiss bank UBS Permission was obtained by the AG to issue the writ of permission against Mallya, his son Siddhartha and mother Lalita, who lives there, as well as a British Virgin Islands-registered company. Rose Capital Ventures Ltd., October 2021 Deputy Master. From bowls in the London High Court.
The bank wants to evict the Mallya family and sell the house after Rose Capital, which owns the property, mortgaged the property to UBS in 2012 as security for a five-year loan of £20.4 million (Rs 200 crore). kept. The loan period ended on March 26, 2017, and the outstanding amount was not paid on that date.
Rose Capital is owned by the Mallya family trust Sileta Trust. On Monday, Rose Capital sought a stay, saying the lender needs more time to realize assets to pay back. UBS said it opposes the adjournment and wants to go ahead with the possession proceedings as the case has been delayed several times since 2017.
swiss bank UBS Permission was obtained by the AG to issue the writ of permission against Mallya, his son Siddhartha and mother Lalita, who lives there, as well as a British Virgin Islands-registered company. Rose Capital Ventures Ltd., October 2021 Deputy Master. From bowls in the London High Court.
The bank wants to evict the Mallya family and sell the house after Rose Capital, which owns the property, mortgaged the property to UBS in 2012 as security for a five-year loan of £20.4 million (Rs 200 crore). kept. The loan period ended on March 26, 2017, and the outstanding amount was not paid on that date.
Rose Capital is owned by the Mallya family trust Sileta Trust. On Monday, Rose Capital sought a stay, saying the lender needs more time to realize assets to pay back. UBS said it opposes the adjournment and wants to go ahead with the possession proceedings as the case has been delayed several times since 2017.
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