File photo of former liquor baron Vijay Mallya.
Zee News Network
A UK Court on Wednesday asked absconding liquor baron Vijay Mallya to pay 88 thousand pounds to the investment banking company UBS.
UBS Group AG, a Swiss multinational investment bank and financial services company had earlier sought the possession of Mallya's property in London.
The group tried to foreclose on a 26.6 million dollar mortgage loan on former billionaire Vijay Mallya's London house, which overlooks London's regent’s park.
Mallya had used the property as a family home.
Mallya who’s battling extradition in a separate case had taken a loan from the UBS bank for his posh family home in London.