• Mallya gets a year to pay off ₹200 crore mortgage for London home

    Mallya gets a year to pay off ₹200 crore mortgage for London home

    Published Date : 15-May-2019 3:51:33 IST

    Vijay Mallya has settled a legal dispute with UBS, getting until April next year to repay ₹200 crore mortgage for his central London house. Under the consent terms approved by a court, the Swiss bank can take possession of the house if Mallya fails to repay. UBS said the 63-year-old businessman’s five-year loan for the house expired in March 2017.

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