Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
This is the second day in a row that air travel in Hong Kong has been affected. A mass sit-in by the protesters was witnessed on Monday, while all flights in and out of the region were cancelled after 4 pm.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.