Indian banks to sell Mallya's cars 'shortly' in UK
London, Oct 19: A UK High Enforcement Officer is set to sell a fleet of Vijay Mallya's cars in the UK as part of efforts to recover loan repayment dues owed by the beleaguered liquor baron to a consortium of 13 Indian banks, the banks' legal representative confirmed on Friday.
TLT LLP, the law firm which had won a landmark case in May when a UK High Court judge ruled in favour of the Indian banks and concluded they were entitled to recover funds amounting to nearly 1.145 billion pounds, said the sale of six cars owned by the 62-year-old former Kingfisher Airline boss and related concerns will take place following a UK High Court enforcement order last week.
The cars listed in the order include a range of luxury vehicles, some with personalised registration numbers a 2016 Mini Countryman (AD16 1YX); a 2012 Maybach 62 (VJM1); a 2006 Ferrari F430 Spider (B055 VJM); a 2014 Range Rover Autobiography Supercharged (F1 VJM); a Ferrari F512M (M811 VGR); and a Porsche Cayenne (OO07 VJM).
"We can confirm that the High Court Enforcement Officer has acted on the banks' instructions in seizing and selling these cars. The cars are expected to be sold shortly," said Paul Gair, partner at law firm TLT, who is leading the case on behalf of the Indian banks.
"This is one part of the banks' ongoing enforcement of their judgment against Dr Mallya," he said.
In an enforcement order dated October 11, Justice Sara Cockerill had granted an order for a High Court Enforcement Officer to sell the six cars "by private treaty at a price not less than 404,000 pounds plus VAT".
A further cost of making the application, assessed at 1906.10 pounds, was also added to the overall debt amount.
The latest enforcement order follows a previous order by Justice Bryan on June 26, granting permission to the UK High Court Enforcement Officer to enter Mallya'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.
However, the order is not an instruction to enter, which means the banks have the option to use the order as one of the means to recover estimated funds owed to them in relation to money lent to Mallya's now-defunct Kingfisher Airlines.
The litigation in the Queen's Bench Division of the commercial court in England's High Court of Justice involves the 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 as the applicants.
Mallya and related concerns Ladywalk LLP, Rose Capital Ventures Ltd and Orange India Holdings are listed as respondents.
TLT had acted for the Indian banks in successfully defeating two applications earlier this year first, an application to set aside the first recorded case of a judgment of the Debt Recovery Tribunal (DRT) in India being registered by the English High Court, and the second, to discharge an associated worldwide freezing order.
The worldwide freezing order prevents Mallya from removing any assets from England and Wales up to that value or to in any way dispose of, deal with or diminish the value of his assets in or outside of this jurisdiction, up to the same value.
Mallya, separately fighting his extradition to India on fraud and money laundering charges amounting to nearly Rs 9,000 crores, is set to find out if he can be forced back to face Indian courts on December 10, when Westminster Magistrates' Court in London is set to rule in his extradition case.
His defence team has deposed a series of expert witnesses to claim he had no "fraudulent" intentions and that he is unlikely to get a fair trial in India.
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New Controversy : Santy Sharma’s Reaction to Khushi Mukherjee’s Video Sparks Conversation
After rapper and singer Santy Sharma's reaction to Khushi Mukherjee's provocative photo/video posts on social media, people on different platforms are now having a heated debate. The comments made by Santy were soon spread across social media and opened the door for conversations surrounding the type of content that is being posted by public figures on social media.
In his view, digital platforms provide a way to express themselves through creativity and art; however, he feels it is important for celebrities/influencers with a large number of followers to be mindful of how their content may be perceived by others. According to him, people who possess a large following online have a level of responsibility regarding the actions they display via their social media and should be cognizant of what type of example they are setting for the youth.
Lastly, creating art should inspire creativity as well as allow users to use their voices to support necessary change in society; therefore, creativity and expression through digital platforms should produce positive social change while still being aware of culture and society's expectations.
At the time of writing, Santy Sharma was discussing how online behaviour has contributed to increased rates of rapes, which stimulated much debate and debate online. Supporters have advocated for improved online etiquette, while others feel he was insensitive in his comments and contradicts the need for sensitivity on these sensitive issues. The controversy has gone beyond social media and increased debate regarding gender-based issues, the ethics of media influence, and the necessity to address serious crimes with appropriate awareness and sensitivity.
Meanwhile, Santy Sharma has also announced his upcoming single titled “I Don’t Care,” which is scheduled to release on 10 March 2026. The track will be available on his official YouTube channel and other major music streaming platforms, creating anticipation among fans who are eager to hear his latest musical release.
