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.

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.

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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.

2011 file photo shows Vijay Mallya speaking to the media during a news conference in Mumbai. Image Credit: Reuters New Delhi: India on Sunday revoked the passport of a flamboyant Indian businessman.

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Vijay Mallya settles for more time to pay up for London home Times of India | May 14, 2019 at 3:21 PM 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.

India’s government wants him extradited from his long-time home in London, but former billionaire and Panama Paperman Vijay. to pay his workers. indian tax authorities seized his private jet, an.

Fugitive businessman Vijay Mallya. from the U.K. to India. I am willing to pay either way whether I am in London or in an Indian Jail. Why don’t Banks take the money I offered first ?" Mallya added.

India’s request to extradite Mallya was approved by UK home. in London. He has been denied bail for the third time in his extradition case to India to face charges in the Punjab National Bank fraud.

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.