• Jul 06, 2018, 16:19 IST

UK court strikes big blow to Vijay Mallya

Jul 06, 2018, 16:19 ISTSource: TNN

In a big blow to fugitive liquor baron Vijay Mallya, a UK court has ruled in favour of a consortium of 13 Indian banks by granting permission to enforcement officers to enter his sprawling estate near London and seize his possessions to recover the funds owed to the banks. The order also allows authorities to use reasonable force to enter the property if necessary. It comes after Mallya lost a case in the UK high court against the registration of the Bengaluru debt recovery tribunal's judgement in UK courts. The tribunal had ruled that Mallya owes the consortium close to Rs 10,000 crore. The 62-year-old tycoon has been staying at the estate located in the upper class village of Tewin after fleeing India in March 2016.