Thursday, July 5, 2018

UK court allows search; seizure of Mallya's assets


In a major setback to liquor baron Vijay Mallya, a UK High Court has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them.

The order is reported to grant permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. The officer and his agents are allowed entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based.https://www.indianflash.com/2018/07/05/uk-court-allows-search-seizure-of-mallyas-assets

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