Vijay Mallya fights UBS bid to foreclose $26.6-million London house loan

Mallya is 'one of, if not the, largest individual judgment debtor in British history,' UBS said in court filings

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.

Mallya, a high-profile figure in India where he’s referred to as the “King of Good Times,” hoped to turn the site - previously used as offices - into a “beautiful