July 29, 2026 03:01 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Assam floods: Death toll stays at 68 as over 5.24 lakh continue to battle deluge | 'Probe is meaningless if responsibility isn't fixed': Supreme Court slams Delhi Police over CJP protest crackdown | 'No protester will be left alone': CJP claims Centre shared FIR withdrawal copies after midnight talks | Bihar cop suspended after viral AK-47 firing video during NEET protest crackdown | After Dharmendra Pradhan's exit, 'E20 Janta Party' emerges, demands Nitin Gadkari's resignation over fuel policy | 'Can't lathicharge people just because they are protesting': Supreme Court slams Delhi Police over NEET protest crackdown | 'Victory of democracy': Sonam Wangchuk congratulates Gen Z as Dharmendra Pradhan resigns after month-long NEET protests | 'Democracy has triumphed': CJP celebrates as Dharmendra Pradhan quits, warns Centre 'Don't mess with cockroaches' | Centre buckles under CJP-led NEET protests; Dharmendra Pradhan quits as Education Minister | Delhi Police flags 2,500 suspected criminals at Jantar Mantar amid NEET protest

E-auction of Kingfisher House fails to draw any bidder

| | Mar 17, 2016, at 07:58 pm
Mumbai, Mar 17 (IBNS) The e-auction of Kingfisher House, part of liquor baron Vijay Mallya's flagship property, drew to a close no sooner than it was opened on Thursday as there was no bidder, according to media reports.
Reportedly, the base price of Rs 150 crore was too high to draw any bidder.
 
KIngfisher House is located in a prime location on the Easter Express Highway in Mumbai.
 
The e-auction was being conducted by an arm of the State Bank as part of the drive to  recover at least a billion dollars loaned to  Mallya's grounded Kingfisher Airlines.
 
Mallya is under pressure to repay over Rs. 6,000 crore loaned to Kingfisher Airlines, which stopped operating in 2013.
 
 Some banks, including the state-owned State Bank and the United Bank of India, have declared  Mallya a wilful defaulter.
 
The banks had asked the Supreme Court to stop  Mallya from travelling abroad but the government told the court that he had left the country on March 2.

 

#Vijay Mallya # Easter Express Highway # Mumbai # Kingfisher House fails

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In Images: BJP holds Tiranga Yatra in Kolkata amid tensions after NEET protest violence
In Images: BJP holds Tiranga Yatra in Kolkata amid tensions after NEET protest violence Jul 27, 2026, at 09:39 pm
In Images: Doctors, medical staff participate in victory march in Kolkata after Pradhan resigns
In Images: Doctors, medical staff participate in victory march in Kolkata after Pradhan resigns Jul 25, 2026, at 05:41 pm
In Images: CJP, SFI hold Kolkata protest seeking Dharmendra Pradhan's resignation in NEET row
In Images: CJP, SFI hold Kolkata protest seeking Dharmendra Pradhan's resignation in NEET row Jul 24, 2026, at 10:36 pm
Related Videos
From Protest to Party? CJP’s Gen Z Culture Sparks Fresh Criticism Jul 28, 2026, at 10:51 am
Honeymoon couple decorated coup flouting railway rules Jul 10, 2026, at 07:00 pm
Chilling CCTV video of flash flood -landslide from Kerala’s Wayanad Jul 10, 2026, at 06:59 pm