Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
Rediff.com brings you a wrap of big stories in pictures with the Best Sports Photos of the Week.
Southampton took the lead at St Mary's in the 18th minute after Dusan Tadic finished off a fine team move but, just before the break, Everton levelled with a bolt from the blue as Iceland's Gylfi Sigurdsson thundered a strike from distance in off the crossbar, his first league goal for the club.
Jose Mourinho's first task on his return as Chelsea manager is to get to know the players he has inherited and give them all a fair chance to succeed under him, the Portuguese said on Monday.
A former Special Forces soldier, who was involved in John Buchanan's controversial 2006 boot camp, has offered to help the current Australian wayward team before the Ashes series, to be held in England in July.
A far cry from its reputation of Hollywood's no holds barred night for glamour and glory, this year's Globes was a bizarrely informal affair.
The following are three talking points from the weekend's Premier League action:
David Goffin and Steve Darcis staged a thrilling comeback on Sunday to take Belgium into their second Davis Cup final in three years with a 3-2 victory over Australia.
At a time when we are presented with pictures of David Beckham's impossible-to-achieve physique, the dad bod comes as a welcome change.
Wimbledon finalists Novak Djokovic and Roger Federer are on a semi-final collision course at the US Open after they were placed in the same half of the draw.
India's growth presents a win-win partnership for the country and the US, and American companies have a great opportunity to contribute to that, Modi told the CEOs.
The English Professional Footballers' Association (PFA) issued a six-point action plan to help deal with racism on Wednesday following a series of high profile developments in the fallout from the John Terry-Anton Ferdinand case.
Australia's chief cricket selector John Inverarity feels the Champions League Twenty20 starting on Saturday is adversely affecting the team's Test preparations ahead of the series against South Africa next month.
The Victoria Bushrangers team for the Champions League T20, which kicks-off in Johannesburg, South Africa, on Friday, September 10.
Glenn Maxwell equalled the fastest fifty by an Australian in Twenty20 internationals as the tourists clinched a four-wicket win against Sri Lanka on Friday that secured a 2-0 series victory.
Australia's chief selector John Inverarity admitted they were struggling for batting depth ahead of this year's Ashes as he announced the list of centrally contracted players for the 2013-14 season on Wednesday.
Images from the English Premier League matches played on Saturday
Italian Fabio Capello's turbulent reign as England manager ended on Wednesday when he resigned after meeting FA chairman David Bernstein and general secretary Alex Horne at Wembley stadium.
The hard-hitting 27-year-old becomes the fifth Australia player to leave the Indian Twenty20 tournament early following the departures of captain Steve Smith, John Hastings and Mitchell and Shaun Marsh
The World Bank also approved $200 million for Pakistan, $100 million for Afghanistan, $7.3 million for the Maldives and $128.6 million for Sri Lanka.
Americans will give their final verdict, either giving incumbent Donald Trump another four years or bestowing reins to Democratic former Vice President Joe Biden.
Milos Raonic and John Isner were knocked out of the Valencia Open by lower-ranked opponents on Wednesday, denting their chances of clinching one of two remaining berths at next month's World Tour finals in London.
Former Australia coach John Buchanan has stepped down as New Zealand's director of cricket with immediate effect, New Zealand Cricket (NZC) said on Friday.
Cinemas, stadiums, town squares and other public gathering places are devoid of people as the coronavirus spreads to at least 118 countries around the world. As of Thursday, the Johns Hopkins University tracker says 1,26,258 people have contracted the disease and 4,638 have died across the globe. The vast majority of the victims have been in China but the country said on Thursday that it had only 15 new cases. The outbreak also claimed its most high-profile victim so far when Hollywood star Tom Hanks announced he and his wife, Rita Wilson, had tested positive. The couple, who are in Australia where Hanks is making a film about Elvis, said they had felt "a bit tired, like we had colds" before being "found to be positive" Take a look.
San Diego Sheriff Bill Gore told reporters that the suspect in the accident has been identified as 19-year-old John Earnest.
A summary of Sunday's Premier League matches
Steven Gerrard, John Terry, David Beckham, Michael Owen and Owen Hargreaves have been included in the 28-man squad for next Wednesday's friendly against Germany at Wembley.
The world over, small brands have challenged the big boys. India is no exception
Chelsea kept up their pursuit of the Premier League's top three clubs with a 1-0 win away to London rivals Crystal Palace on Sunday, thanks to a strike by N'Golo Kante early in the second half.
A selection of musings from around the cricket World Cup.
The nomination of Esper, who is currently serving as the Secretary of the army and previously served as a vice president for government relations at the Raytheon Company, comes days after Patrick Shanahan withdrew his nomination from the top Pentagon position.
Chelsea's David Luiz never really looked cut out for a role as a defensive rock in one of England's meanest rearguards.
Manchester United maintained their push for a top-four Premier League finish when they beat Everton 1-0 with a second-half goal by French striker Anthony Martial at Old Trafford on Sunday.
At Trump's request, India had last month allowed the export of 50 million hydroxychloroquine tablets to treat COVID-19 patients in America, the country worst hit by the pandemic.
Images from the EPL matches played on Saturday
Sergio Aguero struck twice as Manchester City moved into second place in the Premier League, two points behind leaders Liverpool, with a 3-1 win at Bournemouth on Sunday. Just three weeks into the new season and last year's top two clubs are already perched at the top of the table.
A long season took its toll on Roger Federer on Thursday as the Swiss was knocked out of the Paris Masters following a 7-6(3) 3-6 7-6(5) third-round defeat by big serving John Isner.
Michael Jordan, considered by many as the greatest basketball player of all time, was inducted into the Basketball Hall of Fame on Friday.
The home team's record signing Jefferson Lerma, who cost 25 million pounds ($32 million) in August, scored a spectacular own goal to give Arsenal the lead but Norwegian international Josh King, back in the Bournemouth side after injury, equalised just before halftime.
Leicester City's attempts to sign Adrien Silva from Sporting Lisbon were dealt a blow on Wednesday, with FIFA saying it had rejected an FA petition to grant the midfielder an international transfer certificate.
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