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UK court orders sale of Force India yacht linked to Vijay Mallya
During court proceedings it had been claimed that liquor tycoon vijay mallya's son siddharth mallya was the ultimate beneficial owner of the yacht..
A British court Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel.
During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya’s son Siddharth Mallya was the ultimate beneficial owner of the yacht.
However, the bank said that without grappling with that issue, their claim was focused on recovering outstanding loan payments estimated at around Euro 6 million.
“Security for the loan… included a personal guarantee from Dr Mallya, an individual closely connected with the borrower,” notes the judgment handed down by Justice Nigel Teare in London on Monday.
“The sum claimed in this action in rem is Euro 5 million plus interest and the costs of ‘collection’ which the claimant is entitled to recover,” it adds.
The judgment also takes note of the fact that the Defendant, listed as “the owner of the yacht Force India”, chose not to appear at a scheduled trial earlier this month after its solicitors “came off the record” in November last.
The yacht itself remains under arrest in Southampton, a port on England’s south coast, and court appointed Admiralty Marshal Paul Farren will now proceed with organising the appraisement and sale of the vessel in order to recover the costs.
As part of the process, any other claimants to the proceeds of the sale will be given notice to register their claims within an advertised period of time over the next six-10 weeks.
A consortium of Indian banks, led by State Bank of India, are likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines.
“The court order today means the yacht must be sold and large sums of money be paid to the claimant (Qatar National Bank),” said Gideon Shirazi, the barrister who appeared on behalf of Qatar National Bank.
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force India’s ultimate beneficial owner is said to be his son, Sidharth.
Shirazi told the judge on Monday that an allegation made by the defence that there had been “undue influence” involved in the mortgage process for the yacht was removed at a later stage in the court proceedings, causing significant extra costs to Qatar National Bank.
The judge agreed it had been a “striking allegation” and granted the claimant costs on an indemnity basis.
Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against his extradition order to India, signed off by former UK home secretary Sajid Javid last year.
The former Kingfisher Airlines boss had won a reprieve in July last year when a two-judge panel at the Royal Courts of Justice in London granted him permission to appeal against the extradition order of Westminster Magistrates’ Court to face fraud and money laundering charges amounting to Rs 9,000 crores in India.
- Vijay Mallya
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UK court orders sale of Force India yacht linked to Vijay Mallya
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- Yacht Charter >
Force India
- Length 49.90m | 164ft
- Cabins 5 [4 dble, 1 twin]
- Description
- From €150,000 / Week
With incredible top speeds, the exhilarating FORCE INDIA is a true performance yacht combined with a super sleek edge. Built by Overmarine in 2007, the 49.9 metre Mangusta, FORCE INDIA, has proved herself a charter yacht that fuses speed with beauty. Guests love her gleaming white exterior that pulls focus as she enters port wheras those with a need for speed will be impressed by her cruising speed of 28 maxing 37 knots. Large exterior areas give way to long lazy days, an al fresco dining area aft is perfect for casual dining under the stars and the forward sun pads provide a great place to admire the sail in as you cruise the Mediterranean. Step inside into an equally chic layout, five cabins accommodate 10 guests in a configuration of one master suite, one VIP, two double and one twin, all located on the lower deck. There is a range of audio visual equipment including iPod docking stations throughout and a large screen used as a cinema. When at anchor, guests can utilise a plethora of water toys including jetskis, seabobs and snorkelling gear too. FORCE INDIA is a great choice when looking for a fun time charter.
NOTE Not for charter to US residents while in US waters
- Five Cabins to Accommodate 10 Guests
- Impressive Speed
- Spacious Deck Dining/Lounge Area
- iPod Docks throughout
- Wi-Fi Internet Access
- Large Screen used as Cinema
- Plethora of Water Toys
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FORCE INDIA
FORCE INDIA is a 49.9 m Motor Yacht, built in Italy by Overmarine Group and delivered in 2007. She is one of 8 Mangusta 165 models.
Her top speed is 37.0 kn, her cruising speed is 25.0 kn, and she boasts a maximum cruising range of 900.0 nm at 20.0 kn, with power coming from three MTU diesel engines. She can accommodate up to 10 guests in 5 staterooms, with 9 crew members waiting on their every need. She has a gross tonnage of 485.0 GT and a 9.2 m beam.
She was architected by Overmarine Group , who also designed the interior. Overmarine Group created the naval architecture for 101 yachts, and designed the interior of 216 yachts for yachts above 24 metres.
She was designed by Stefano Righini (893 other superyachts designed) and Overmarine Group (44 other superyachts designed).
FORCE INDIA is in the top 10% by LOA and in the top 10% by speed in the world. She is one of 506 motor yachts in the 45-50m size range, and, compared to similarly sized motor yachts, her cruising speed is 9.51 kn above the average, her top speed 18.24 kn above the average, and her volume 1.41 GT above the average.
FORCE INDIA is currently sailing under the Malta flag, the 3rd most popular flag state for superyachts with a total of 1058 yachts registered. She is known to be an active superyacht and has most recently been spotted cruising near United Kingdom. For more information regarding FORCE INDIA's movements, find out more about BOAT Pro AIS .
Specifications
- Name: FORCE INDIA
- Previous Names: SALVAJE
- Yacht Type: Motor Yacht
- Yacht Subtype: Sports/Open Motor Yacht
- Model: Mangusta 165
- Builder: Overmarine Group
- Naval Architect: Overmarine Group
- Exterior Designer: Stefano Righini , Overmarine Group
- Interior Designer: Overmarine Group
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Force India
Motor Yacht
Force India is a custom motor yacht launched in 2007 by Overmarine , in Italy.
Force India measures 49.90 metres in length, with a max draft of 1.60 metres and a beam of 9.20 metres. She has a gross tonnage of 488 tonnes.
Force India has a GRP hull with a GRP superstructure.
Her interior design is by Stefano Righini Design.
Force India also features naval architecture by Overmarine .
Performance and Capabilities
Force India has a top speed of 40.00 knots and a cruising speed of 26.00 knots. She is powered by a triple waterjets propulsion system.
Force India has a fuel capacity of 40,337 litres, and a water capacity of 3,997 litres.
She also has a range of 600 nautical miles.
Accommodation
Force India accommodates up to 10 guests in 5 cabins. She also houses room for up to 9 crew members.
Other Specifications
Force India has a hull NB of 165/01.
Force India flies the flag of Malta.
- Yacht Builder Overmarine No profile available
- Naval Architect Overmarine No profile available
- Interior Designer Stefano Righini Design No profile available
Yacht Specs
Other overmarine yachts, related news.
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Uk court orders sale of force india yacht linked to vijay mallya.
A consortium of Indian banks, led by State Bank of India, are likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines. Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against him.
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FORCE INDIA, YACHT FOR CHARTER
INQUIRE ABOUT FORCE INDIA
‘Force India’ is a 163.71ft /49.9m Mangusta 165 open yacht built in 2007 by Overmarine and last refitted in 2017. Previously named Salvaje, she is a sleek, modern choice for your next charter vacation.
Force India’s interior layout sleeps up to 10 guests in 5 rooms, including a master suite, 1 VIP stateroom, 2 double cabins and 2 twin cabins. She is also capable of carrying up to 9 crew onboard to ensure a relaxed luxury yacht experience. Timeless styling, beautiful furnishings and sumptuous seating feature throughout to create an elegant and comfortable atmosphere.
Her leisure and entertainment facilities make her perfect for entertaining friends and family on your charter vacation. There’s ample space for enjoying alfresco lunches, delicious dinner on deck, or simply lounging in the sunshine and topping up your tan.
The dining area has to be noted here. Sumptuous lighting creates an atmospheric setting for any celebration or dinner with guests, and you can’t help but be impressed by the furnishings found throughout this vessel. Cabins are comfortably furnished and offer the perfect place to rest your head after a busy day of adventure.
You’ll find Wi-Fi connection throughout, so you’ll be able to check emails or share your experience on social media. Air conditioning keeps conditions comfortable throughout the cabins, even on the most oppressive of days or nights.
Toys offer plenty of opportunity for fun and recreation, and these include 2 x Waverunners 250hp, 1 x Seabob – Used with scuba divers, Water-Skis, Wake Board, Snorkelling Equipment, and Towable Toys, sure to keep guests of all ages and interests entertained.
Force India Photos & Videos
Force india features & pricing.
• AIR CONDITIONING • GYM • IPOD DOCKING • SEABOB • SNORKELING • TOWABLE TOYS • WAKEBOARD • WATER SKI • WAVERIDER • WI FI
CHARTER RATES
1 x 18.04ft /5.5m Castoldi Tender
2 x Waverunners 250hp 1 x Seabob – Used with scuba divers Water-Skis Wake Board Snorkelling Equipment Towable Toys
CHARTER FORCE INDIA
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UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan
During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Mallya’s son Siddharth was the ultimate beneficial owner of the yacht.
London: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel.
During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya’s son Siddharth Mallya was the ultimate beneficial owner of the yacht.
However, the bank said that without grappling with that issue, their claim was focused on recovering outstanding loan payments estimated at around Euro 6 million.
“Security for the loan… included a personal guarantee from Dr Mallya, an individual closely connected with the borrower,” notes the judgment handed down by Justice Nigel Teare in London on Monday.
“The sum claimed in this action in rem is Euro 5 million plus interest and the costs of ‘collection’ which the claimant is entitled to recover,” it adds.
The judgment also takes note of the fact that the defendant, listed as “the owner of the yacht Force India”, chose not to appear at a scheduled trial earlier this month after its solicitors “came off the record” in November last.
The yacht itself remains under arrest in Southampton, a port on England’s south coast, and court-appointed Admiralty Marshal Paul Farren will now proceed with organising the appraisement and sale of the vessel in order to recover the costs.
As part of the process, any other claimants to the proceeds of the sale will be given notice to register their claims within an advertised period of time over the next six-10 weeks.
A consortium of Indian banks, led by State Bank of India, is likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines.
“The court order today means the yacht must be sold and large sums of money be paid to the claimant (Qatar National Bank),” said Gideon Shirazi, the barrister who appeared on behalf of Qatar National Bank.
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force India’s ultimate beneficial owner is said to be his son, Sidharth.
Shirazi told the judge on Monday that an allegation made by the defence that there had been “undue influence” involved in the mortgage process for the yacht was removed at a later stage in the court proceedings, causing significant extra costs to Qatar National Bank.
The judge agreed it had been a “striking allegation” and granted the claimant costs on an indemnity basis.
Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against his extradition order to India, signed off by former UK home secretary Sajid Javid last year.
The former Kingfisher Airlines boss had won a reprieve in July last year when a two-judge panel at the Royal Courts of Justice in London granted him permission to appeal against the extradition order of Westminster Magistrates’ Court to face fraud and money laundering charges amounting to Rs 9,000 crores in India.
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UK Court Orders Sale of Luxury Yacht Linked to Vijay Mallya's Force India
Last Updated: January 27, 2020, 19:31 IST
File photo of liquor baron Vijay Mallya.
The judgment also takes note of the fact that the Defendant, listed as 'the owner of the yacht Force India', chose not to appear at a scheduled trial earlier this month after its solicitors 'came off the record' in November last.
London: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel.
During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate beneficial owner of the yacht.
However, the bank said that without grappling with that issue, their claim was focused on recovering outstanding loan payments estimated at around Euro 6 million.
"Security for the loan included a personal guarantee from Dr Mallya, an individual closely connected with the borrower, notes the judgment handed down by Justice Nigel Teare in London on Monday.
"The sum claimed in this action in rem is Euro 5 million plus interest and the costs of 'collection' which the claimant is entitled to recover," it adds.
The judgment also takes note of the fact that the Defendant, listed as "the owner of the yacht Force India", chose not to appear at a scheduled trial earlier this month after its solicitors "came off the record" in November last.
The yacht itself remains under arrest in Southampton, a port on England's south coast, and court appointed Admiralty Marshal Paul Farren will now proceed with organising the appraisement and sale of the vessel in order to recover the costs.
As part of the process, any other claimants to the proceeds of the sale will be given notice to register their claims within an advertised period of time over the next six-10 weeks.
A consortium of Indian banks, led by State Bank of India, are likely to be among those claimants as they pursue a separate bankruptcy order against Mallya over unpaid loans related to his now-defunct Kingfisher Airlines.
"The court order today means the yacht must be sold and large sums of money be paid to the claimant (Qatar National Bank)," said Gideon Shirazi, the barrister who appeared on behalf of Qatar National Bank.
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force India's ultimate beneficial owner is said to be his son, Sidharth.
Shirazi told the judge on Monday that an allegation made by the defence that there had been "undue influence involved in the mortgage process for the yacht was removed at a later stage in the court proceedings, causing significant extra costs to Qatar National Bank.
The judge agreed it had been a striking allegation and granted the claimant costs on an indemnity basis.
Mallya, meanwhile, remains on bail on a warrant executed by Scotland Yard in April 2017 pending a High Court appeal next month against his extradition order to India, signed off by former UK home secretary Sajid Javid last year.
The former Kingfisher Airlines boss had won a reprieve in July last year when a two-judge panel at the Royal Courts of Justice in London granted him permission to appeal against the extradition order of Westminster Magistrates' Court to face fraud and money laundering charges amounting to Rs 9,000 crores in India.
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FORCE INDIA yacht NOT for charter*
49.9m / 163'9 | overmarine | 2007 / 2017.
- Amenities & Toys
Special Features:
- Light contemporary interior
- Spacious outdoor dining area
- Sundeck area with seating area
- Large sunpads on fordeck
The 49.9m/163'9" open yacht 'Force India' (ex. Salvaje) was built by Overmarine in Italy at their Viareggio shipyard and she was delivered to her owner in September 2007. This luxury vessel's exterior design is the work of Stefano Righini and she was last refitted in 2017.
Guest Accommodation
Force India has been designed to comfortably accommodate up to 10 guests in 5 suites comprising one VIP cabin. She is also capable of carrying up to 7 crew onboard to ensure a relaxed luxury yacht experience.
Onboard Comfort & Entertainment
Her features include a gym, WiFi and air conditioning.
Range & Performance
Built with a GRP hull and GRP superstructure, with teak decks, she has impressive speed and great efficiency thanks to her planing hull. Powered by 3 x diesel MTU (16V 4000 M90) 16-cylinder 3,647hp engines running at 2100rpm, she comfortably cruises at 28 knots, reaches a maximum speed of 40 knots with a range of up to 691 nautical miles from her 40,337 litre fuel tanks. Her low draft of 1.6m/5'3" makes her primed for accessing shallow areas and cruising close to the shorelines. Her water tanks store around 3,997 Litres of fresh water. She was built to ABS (American Bureau of Shipping) ✠A1, Commercial Yachting Service, Ⓔ, AMS classification society rules.
*Charter Force India Motor Yacht
Motor yacht Force India is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.
Force India Yacht Owner, Captain or marketing company
'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.
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This yacht is available for Corporate Yacht Charter and Events
NOTE to U.S. Customs & Border Protection
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FORCE INDIA
Current trip.
SOUTHAMPTON
Current position, information.
The current position of FORCE INDIA is in English Channel with coordinates 50.86667° / -1.38968° as reported on 2023-06-02 14:58 by AIS to our vessel tracker app. The vessel's current speed is 0 Knots and is currently inside the port of SOUTHAMPTON .
The vessel FORCE INDIA (IMO: 9459541, MMSI: 256706000) is a Yacht that was built in 2007 ( 17 years old ) . It's sailing under the flag of [MT] Malta .
In this page you can find informations about the vessels current position, last detected port calls, and current voyage information. If the vessels is not in coverage by AIS you will find the latest position.
The current position of FORCE INDIA is detected by our AIS receivers and we are not responsible for the reliability of the data. The last position was recorded while the vessel was in Coverage by the Ais receivers of our vessel tracking app.
The current draught of FORCE INDIA as reported by AIS is 2 meters
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Last port calls, most visited ports (last year).
IMAGES
COMMENTS
A UK court has ordered the sale of the 49.9 metre Mangusta 165 superyacht Force India, it has been reported. News publications report that a ruling made by the High Court on Monday (January 28) ordered the yacht must be sold to repay creditors. The yacht is reportedly owned by Siddharth Mallya, son of tycoon Vijay Mallya. It is understood that ...
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force India's ultimate beneficial owner is said to be his son, Sidharth. Shirazi told the judge on Monday that an allegation made by the defence that there ...
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force ...
Force India. 49.90m. From €150,000 / Week. With incredible top speeds, the exhilarating FORCE INDIA is a true performance yacht combined with a super sleek edge. Built by Overmarine in 2007, the 49.9 metre Mangusta, FORCE INDIA, has proved herself a charter yacht that fuses speed with beauty. Guests love her gleaming white exterior that pulls ...
3. SlowRollingBoil. #WeRaceAsOne. • 3 yr. ago. Not really true at all. For someone that paid $100M for a yacht, the disrepair and overall depreciation means it's worth like $40M still. The person would owe more on the boat still (or just take a hit). For me paying $100, I would have $39,999,900 in equity.
Sundeck area with seating area. Large sunpads on fordeck. The 49.9m/163'9" open yacht 'Force India' (ex. Salvaje) was built by Overmarine in Italy at their Viareggio shipyard and she was delivered to her owner in September 2007. This luxury vessel's exterior design is the work of Stefano Righini and she was last refitted in 2017.
The current position of FORCE INDIA is in English Channel with coordinates 50.86667° / -1.38968° as reported on 2023-06-02 14:58 by AIS to our vessel tracker app. The vessel's current speed is 0 Knots and is currently inside the port of SOUTHAMPTON.. The vessel FORCE INDIA (IMO: 9459541, MMSI: 256706000) is a Yacht that was built in 2007 ( 16 years old ). ...
FORCE INDIA is a 49.9 m Motor Yacht, built in Italy by Overmarine Group and delivered in 2007. She is one of 8 Mangusta 165 models. Her top speed is 37.0 kn, her cruising speed is 25.0 kn, and she boasts a maximum cruising range of 900.0 nm at 20.0 kn, with power coming from three MTU diesel engines. She can accommodate up to 10 guests in 5 ...
The FORCE INDIA is a 49.9m (163' 9") OVERMARINE GROUP Commercial Vessel available for charter, built in 2007. Price is available on application. Accommodation up to 10 guests. Contact your charter yacht broker to receive more charter details of the 49.9m (163' 9") OVERMARINE GROUP Commercial Vessel FORCE INDIA available for charter today!
The 'Force India' suffered a burst boiler pipe, at the city marina (Ocean Village) in Southampton, UK, in the morning of July 28, 2021. Subsequently, steam and hot water leaked inside the vessel. The single person aboard raised alarm, and the fire and rescue attended the yacht and confirmed no fire was present.
Force India has a top speed of 40.00 knots and a cruising speed of 26.00 knots. She is powered by a triple waterjets propulsion system. Force India is a custom motor yacht launched in 2007 by Overmarine , in Italy. Design. Force India measures 49.90 metres in length, with a max draft of 1.60 metres and a beam of 9.20 metres.
LONDON: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel. During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate ...
'Force India' is a 163.71ft /49.9m Mangusta 165 open yacht built in 2007 by Overmarine and last refitted in 2017. Previously named Salvaje, she is a sleek, modern choice for your next charter vacation. Force India's interior layout sleeps up to 10 guests in 5 rooms, including a master suite, 1 VIP stateroom, 2 double cabins and 2 twin cabins.
UK court orders sale of Force India yacht linked to Vijay Mallya; proceeds to be used to pay back Qatar National Bank loan Press Trust of India • January 27, 2020, 19:32:23 IST Whatsapp Facebook Twitter
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force ...
London: A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel. During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate ...
Sundeck area with seating area. Large sunpads on fordeck. The 49.9m/163'9" open yacht 'Force India' (ex. Salvaje) was built by Overmarine in Italy at their Viareggio shipyard and she was delivered to her owner in September 2007. This luxury vessel's exterior design is the work of Stefano Righini and she was last refitted in 2017.
Details and realtime position for the vessel FORCE INDIA with MMSI 256706000, IMO 9459541 that is registered in [MT] Malta. No Internet. MyShipTracking. Map Vessels; Ports Ports Port Calls Submit a new Port. Community ... Yacht. Show on Live Map. Upload Photo. Alerts. Add to fleet.
Force India is a motor yacht with an overall length of m. The yacht's builder is Overmarine Group SPA from Italy, who launched Force India in 2007. The superyacht has a beam of m, a draught of m and a volume of . GT.. Force India features exterior design by Stefano Righini Design and interior design by Overmarine Group SPA. Up to 10 guests can be accommodated on board the superyacht, Force ...
A British court on Monday ordered that a luxury yacht owned by Force India Limited be sold and its proceeds be used to pay back Qatar National Bank to enforce its mortgage on the vessel. During court proceedings, brought by the bank in the Admiralty Division of the High Court in England, it had been claimed that liquor tycoon Vijay Mallya's son Siddharth Mallya was the ultimate beneficial ...
The yacht, described as a 49.9-meter Mangusta 165 superyacht, was owned by a company related to Gizmo Invest SA, whose ultimate beneficial owner is claimed to be 64-year-old Mallya, and Force ...