Kingfisher Villa

Lenders to Mallya decided to dispose off the Goa property for a little over Rs 73 crore. Bankers seized the posh Goa villa after Mallya failed to repay loans taken for the erstwhile Kingfisher Airlines.

Vijay Mallya's Kingfisher House remains unsold again

Bankers to the defunct Kingfisher Airlines have, for the fourth time, failed to find any takers for the Kingfisher House and third unsuccessful attempt to auction the Kingfisher Villa in Goa.

KFA House auction flops third time as no bids come through: Srcs

Exclusive sources tell CNBC-TV18 that the auction for KFA House in Mumbai has turned a cropper for the third time as no bids were received for former tycoon Vijay Mallya‘s asset.

Lenders lower Kingfisher Villa price by 5%; re-auction on Dec 22

The lenders have set the reserve price at Rs 81 crore this time compared to Rs 85.29 crore at the first auction of the property on October 19.

SBI write-off of loans including to Mallya's KFA not a waiver:FM

Finance Minister Arun Jaitley asked opposition members in the Rajya Sabha not to go by the literal meaning of write-off.

Will cut price to auction Kingfisher Villa again: PNB official

The villa was owned by United Breweries Holdings, one of the Mallya group companies, and mortgaged by the now-grounded Kingfisher Airlines (KFA) to the consortium of banks to secure loans in 2010.

No bidder turns up for Mallya's Goa Kingfisher Villa

Goa's plush Kingfisher Villa, where Vijay Mallya has hosted several glitzy parties in the past, failed to attract a single bidder at an e-auction today -- marking yet another failed attempt by lenders to recover dues from the embattled businessman.

Banks to auction Vijay Mallya's Goa villa on Wednesday

The liquor baron left the country in March and is currently said to be living in Britain.

Lenders to auction Kingfisher Villa tomorrow, price Rs 85.3cr

The 17-lender consortium led by State Bank of India will auction the Kingfisher Villa, the sea-facing plush property once-owned by the beleaguered Vijay Mallya in Goa, tomorrow.

Banks to auction Kingfisher Villa; reserve price Rs 85.3-cr

"The e-auction will be of the immovable property of the villa with structures and buildings and will include pumping systems of swimming pools, AC ductings, electrical wiring and piping," says a public notice issued by SBICap Trustee.

Lenders likely to auction Mallya's Kingfisher Villa next month

The lenders, led by State Bank of India, may issue a public notice for the auction of the airline's prime asset, owned by embattled businessman Vijay Mallya, in the next few days, sources said.

L'affaire Mallya: More banks get ED call for financial details

Expanding its money laundering probe into L'affaire Mallya, the Enforcement Directorate has asked around half a dozen lenders of Kingfisher Airlines to furnish details of the financial transactions conducted by the long-grounded air carrier and its top executives.

Lenders begin process to take over Kingfisher Villa

Lenders to the grounded Kingfisher Airlines on May 13 started the process to take physical possession of Kingfisher Villa, which was pledged by beleaguered businessman Vijay Mallya to the bankers as collateral for over Rs 7,800-crore loan

KFA loan recovery not possible in near-term: UBI to BSE

State-run lender United Bank of India today informed the BSE that it does not expect to recover Rs 400 crore it had lent to the grounded Kingfisher Airlines in the short-run but hoped the recovery could be possible in the long-run.

Lenders speed up loan recovery process in Kingfisher's case

After SBI Cap Trust, a subsidiary of State Bank of India issued a public notice on behalf of all KFA lenders that it has taken possession of Kingfisher Villa in lieu of unpaid dues.