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
Forgotten Hero's Series: Khashaba Dadasaheb Jadhav Indian Olympic medalist who never got a Padma Award

Khashaba Dadasaheb Jadhav (Marathi: श्री. खाशाबा दादासाहेब जाधव, January 15, 1926 – August 14, 1984) was an Indian athlete. He is best known as a wrestler who...

Recently posted . 6K views . 60 min read
 

 Article
Remembering VP Sathyan, India's forgotten 'Captain'

There's a scene in the movie 'Captain', a freshly-minted Malayalam biopic on former India defender VP Sathyan, which tries to capture the conflict rag...

Recently posted . 2K views . 1 min read
 

 Article
Virat Kohli Has A Special Message For India U-17 Football Team Ahead Of The World Cup

These are exciting times for Indian football. India is set to host a FIFA World Cup and participate in it for the first time. The under-17 World Cup begins ...

Recently posted . 2K views . 2 min read
 

 Article
Not Virat Kohli, THIS player is the fittest cricketer in the Indian cricket team

Virat Kohli is one of the fittest players in Indian cricket team but he is not the fittest of all.

Recently posted . 2K views . 0 min read
 

 
 

More in National

 Article
Virat Kohli Posts Emotional Farewell Message To "Brother" AB De Villiers

Virat Kohli tweeted an emotional farewell to former South African captain and RCB teammate AB de Villiers, who recently called time on his illustrious internation...

Recently posted. 1K views . 1 min read
 

 Article
Detailed analysis on why India lost No.1 rank in ICC Test Team Rankings

How Australia edged over India?  

Recently posted. 658 views . 0 min read
 

 Article
Akshay Kumar realises what it means to be a slave in new Gold still. See pi

Just days after revealing the first poster and teaser of Gold, makers have released a new still of the Akshay Kumar-starrer.

Recently posted. 574 views . 0 min read
 

 Article
UFC President offers Floyd Mayweather, Conor McGregor a whooping $25 million each to fight

California: The  possibility of a duel between boxer Floyd Mayweather and mixed martial arts Conor McGregor got another support Friday as Ultimate Fighting Cha...

Recently posted. 526 views . 14 min read
 

 Article
Ind vs Ban: After improving in five-day format, Bangladesh seek more 'acid tests'

Despite their poor test record, the Bangla boys are confident that they can do it on Indian so.After finally winning the respect of the game`s big boys on ...

Recently posted. 709 views . 27 min read
 

 
 
 

   Prashnavali

  Thought of the Day

Education is the best friend. An educated person is respected everywhere. Education beats the beauty and the youth.
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