Vijay Mallya's 2 Personal Helicopters Auctioned For Over Rs. 8 Crore
Thursday, September 20, 2018 IST
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
Related News & Articles
The cash of more than Rs 3.5 crore in scrapped Rs 500 and Rs 1,000 notes that disappeared from Dimapur on Tuesday after being flown in by a chartered flight resurfa...
Recently posted . 541 views . 32 min read
The new schemes proposed by the Himachal Pradesh government for the agriculture sector in its 2018-19 Budget will help farmers double their income, Chief Minister...
Recently posted . 642 views . 2 min read
New Delhi: The Delhi High Court on Friday declined to stop nursery admission process.
The court additionally requested that rule of both government and t...
Recently posted . 635 views . 42 min read
To be sure, this is still just a suggestion and it is not clear whether the government, which is very focused on increasing its tax revenue, will accept it.
Recently posted . 501 views . 1 min read
Kolkata, April 20: In an apparent attempt to strengthen ties with prominent political leaders, especially those ranged against the Bharatiya Janata Party, ...
Recently posted . 691 views . 14 min read
Trending News & Articles
While the Uttarakhand High Court has asked to block 857 websites, the Ministry of Electronics and IT (Meity) found 30 portals without any pornographic content.
...
Recently posted . 61K views . 1 min read
The four boys as well as five school officials, including the director and principal, were arrested after the incident. The minors were presented before the Juvenil...
Recently posted . 8K views . 1 min read
Rahul was having an Italian passport and was carrying suitcase full of dollars. Some say it was about was it $2 million.
Rahul and his girl friend was th...
Recently posted . 7K views . 7 min read
True – Tr...
Recently posted . 6K views . 83 min read
More in National
Google has blocked YouTube on Amazon's Fire TV earlier than expected amid growing rivalry between the two tech giants as their businesses continue to overlap.
Recently posted. 717 views . 1 min read
Flipkart Group Chief Executive Officer Binny Bansal quit following an investigation into alleged “serious personal misconduct” even as he denied the a...
Recently posted. 594 views . 1 min read
Javed Akhtar said the cleric, Tanveer Peera Hashim, should be immediatedly arrested for his "irresponsible and outrageous" comments.
Recently posted. 566 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 2K views
Recently posted . 1K views
Recently posted . 1K views . 57 min read
Recently posted . 1K views . 34 min read
Income Tax department officials said the searches are being done following complaints of alleged tax evasion.
Recently posted. 821 views . 0 min read
RAW (Research and Analysis wing) is India’s External Intelligence agency. It came into existence on September 21st, 1968, after the Sino-Indian War of 1962 an...
Recently posted. 749 views . 3 min read