UBS Group AG is trying to foreclose on a 20.4 million-pound ($26.6 million) mortgage loan on former billionaire Vijay Mallya’s London house, which overlooks the capital’s Regent’s Park.
The bank is seeking possession of the property, which Mallya -- an Indian tycoon who’s battling extradition in a separate case -- used as a family home. It says Rose Capital Ventures, the company that took out the mortgage, hasn’t repaid it.
