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
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 . 64K 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 . 10K 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 . 9K views . 7 min read
True – Tr...
Recently posted . 8K views . 83 min read
More in National
The Tamil Nadu-specific ordinance to amend the Prevention of Cruelty to Animals Act of 1960 has supplied exemption to ‘jallikattu,’ through by-passing t...
Recently posted. 798 views . 26 min read
The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) plans to provide free tea or coffee to those who undertake night travel on the 302-km access...
Recently posted. 907 views . 1 min read
Upset with his "derogatory" portrayal as a "dumb and slow" officer in Netflix series "Delhi Crime", Delhi Police SHO to sue series d...
Recently posted. 936 views . 1 min read
Recently posted . 1K views
Recently posted . 1K views
Recently posted . 4K views
Recently posted . 3K views
Recently posted . 3K views . 88 min read
Recently posted . 4K views . 52 min read
New Delhi: Ahmed Patel, who is known to be the Congress party's most dependable crisis director, was re-chosen to the Rajya Sabha for the fifth term in a nail-b...
Recently posted. 941 views . 27 min read
Washington: Despite brief misfortune because of demonetisation, India economy will develop unequivocally and remain a splendid spot in the worldwide scene said a se...
Recently posted. 820 views . 13 min read