Latest News

  • Home
  • National
  • Vijay Mallya's 2 Personal Helicopters Auctioned For Over Rs. 8 Crore
Vijay Mallya's 2 Personal Helicopters Auctioned For Over Rs. 8 Crore
Thursday, September 20, 2018 IST
Vijay Mallya

The recovery court held the e-auction on behalf of a consortium of 17 banks which filed the case in 2013 against Vijay Mallya.

 
 

BENGALURU: A Delhi-based company, Choudhary Aviation, had bought two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) in Bengaluru, a company official said on Wednesday.
 
"Our company bought the two personal copters of Mallya for Rs. 8.75 crore at the price of Rs. 4.37 crore each in the electronic bidding conducted by the DRT in Bengaluru," Choudhary Aviation Director Satyendra Sehrawat said.
 
The recovery court held the e-auction on behalf of a consortium of 17 banks which filed the case in 2013 against Mallya and his defunct Kingfisher Airlines Ltd for defaulting on loans borrowed in between 2007-2012.
 
"Though the 5-seater Airbus Eurocopter B155 choppers are 10-year-old, they are in a serviceable condition, with a good dual engine and are currently parked at Juhu airport in Mumbai," said Mr Sehrawat.
 
 

 
 

Three firms participated in the auction, held with minimum bid price of Rs. 1.75 crore for each copter of model 2008, last flown in 2013.
 
"We want to make use of the choppers for commercial activity, including chartered service," Mr Sehrawat noted.
 
The 3-year-old firm also provides ground operations and air ambulance service to hospitals in the national capital region (NCR).
 
The recovery court, however, did not inform the media about the e-auction.

 
 
 
 
 

Related Topics

 
 
 

Trending News & Articles

 Article
12 Early Signs Of Lung Cancer To Never Ignore

Lung cancer is usually not noticeable during the early stages. Most people are diagnosed when the disease is at an advanced stage. According to Cancer.org, it is ...

Recently posted . 7K views . 2 min read
 

 Article
11 Surprising Benefits Of Wood Apple Or Bael Fruit

The health benefits of wood apple include [1] relief from constipation, indigestion, peptic ulcer, piles, respiratory problems, diarrhea, and dysentery. It also b...

Recently posted . 4K views . 2 min read
 

 Article
10 Amazing Benefits Of Bael (Kaitha)

Bael, also known as the “Wood Apple”, is a species native to India. The bael tree is considered to be sacred to the Hindus. A famous drink known as sh...

Recently posted . 4K views . 2 min read
 

 Article
These 7 Remedies Can Remove The Milia (Milk Spots) From Your Face

Do you know what milia are? Milia is a skin condition which causes the appearance of small white hard bumps on the skin which usually appear on the face, neck or ch...

Recently posted . 4K views . 2 min read
 

 
 

More in National

 Article
New study finds active kids may have a healthier heart

Adolescents with better aerobic fitness have more compliant arteries than their peers who are not physically active.  

Recently posted. 843 views . 1 min read
 

 Article
Express Recipes: This ‘Sprouted Moong Dal Salad’ is a healthy alternative to roadside chaat

Sprouted Moong Dal Salad is a delicious and healthy alternative to roadside chaat. In fact, these days you can often find “healthy bhel puri” with the a...

Recently posted. 1K views . 1 min read
 

 Article
The 7 Best Ab Machines of 2019

Work your midsection right with these at-home machines

Recently posted. 1K views . 0 min read
 

 Reviews
Top 5 Best Air Conditioners in India



Recently posted . 1K views . 89 min read
 

 Reviews
Best Microwave Brands Online in India 2018



Recently posted . 1K views . 25 min read
 

 Article
Period pain officially as bad as heart attack: Can we now care, please?

Periods can cause women as much pain as heart attacks, scientists now believe.

Recently posted. 806 views . 0 min read
 

 Article
Mother's Raw Photo Shows the Scary Thing That Can Happen While Breastfeeding

Remi Peers simply hit her initially breastfeeding anniversary — it's been, authoritatively, one year since she started nursing her child. The m...

Recently posted. 1K views . 55 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Let it all go. See what stays
Anonymous

Be the first one to comment on this story

Close
Post Comment
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST
Shibu Chandran
2 hours ago

Serving political interests in another person's illness is the lowest form of human value. A 70+ y old lady has cancer.

November 28, 2016 05:00 IST


ads
Back To Top