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".