SBI Begins Process To Auction Vijay Mallya's Kingfisher Villa

NEWS WORLD INDIA | 0
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| September 26 , 2016 , 10:39 IST
[caption id="attachment_228578" align="aligncenter" width="702"]SBI Begins Process To Auction Vijay Mallya's Kingfisher Villa 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. For all the latest news and updates from India and across the globe, follow us on @NewsWorldIN on Twitter and News World India on Facebook    

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[…] the ceiling. The bank was on high alert after customers lost massive amounts of money. ALSO READ: SBI Begins Process To Auction Vijay Mallya’s Kingfisher Villa Retired IAS officer CV Ananda Bose, a customer of the Federal Bank, claims to have lost about Rs 3 […]