Vijay Mallya's Mumbai house to be auctioned today
The base price for the property has been pegged at Rs. 150 crore.
The e-auction is 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.
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