New Delhi: Rajya Sabha Chairman Hamid Ansari accepted Vijay Mallya's resignation from the house on Wednesday, a day after the embattled liquor baron, accused of defaulting on a Rs.9,000-crore loan he had taken from Indian banks, decided to quit "in keeping with the highest standards of ethics" as a member of parliament.

The dramatic acceptance of resignation came even as the house ethics panel earlier recommended that the flamboyant businessman be expelled from the Rajya Sabha as his resignation letter recieved on Tuesday did not have his original signature.