Embattled liquor tycoon Vijay Mallya, who is based in Britain for over five years, faces the prospect of bailiffs knocking on the doors of his luxury London home any time now after a British court ruled that a bank pursuing its unpaid dues can take charge of the high value property.
The 65-year-old former Kingfisher Airlines boss intends to appeal against the ruling on Tuesday, when a High Court procedural judge concluded that Mr Mallya’s position in the matter was “completely hopeless” at the end of an extended stay from eviction due to the pandemic.
The 18/19 Cornwall Terrace property, which is located in one of central London’s prime hubs of Regent’s Park near Madame Tussauds wax museum, is of such high value that the court only referred to it as being worth “many tens of millions of pounds".
