UK Court Orders In Favour Of 13 Indian Banks Granting Permission To Seize Mallya’s Properties

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New Delhi: A United Kingdom (UK) court has ordered in favour of 13 Indian banks and granted permission to seize properties of liquor baron Vijay Mallya in UK. This has come as a major setback for the fugitive liquor baron.

The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London. It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based, said.

According to legal experts with knowledge of the case, the latest order by the High Court's Queen's Bench Division is the granting of permission, should it be required, while the banks consider "all the enforcement options available to them".

The victory for the 13 Indian banks - which include State Bank of India, Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd - enables them to enforce the Indian judgment against Mallya's assets in England and Wales. Mallya has made an application in the Court of Appeal seeking permission to appeal against the order, which remains pending, PTI report said.

Meanwhile the authorities is closing in on Mallya even in India. The Bengaluru police through the Enforcement Directorate have submitted a report relating to Vijay Mallya before the Patiala House court in New Delhi. In its report, several of Mallya's properties have been identified.