Tycoon Vijay Mallya lost a U.K. lawsuit filed by Indian banks seeking to collect more than 1.15 billion pounds ($1.5 billion) amid allegations that he committed massive fraud. Judge Andrew Henshaw in London on Tuesday said the lenders, including IDBI Bank Ltd., can enforce an Indian court ruling that relates to allegations that Mallya willfully defaulted on about $1.4 billion in debt for his now-defunct Kingfisher Airlines Ltd. Henshaw also refused to overturn a worldwide order freezing Mallyas assets.