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The State Bank of India on Monday began the procedure to auction Vijay Mallya’s Rs 90-crore villa in North Goa.[/caption]
The State Bank of India on Monday began the procedure to auction Vijay Mallya’s Rs 90-crore villa in North Goa spread on approximately 3 acres of sea-facing property as a part of the loan recovery process.
The e-auction of the villa will be held next month, say officials.
Earlier in May, the villa which was once a holiday resort for liquor baron and his friends during ‘good times’ was taken over by the lenders after the revenue department officials in Goa allowed them to take physical possession of the property.
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