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.