Wed, Mar 16, 2016, 04:42 PM
As a part of recovering the loans from Vijay Mallya, his Kingfisher Airlines will be auctioned on March 17th, at Mumbai, by a SBI-led bank consortium, to recover a part of the debt due from it. The base price will start at Rs. 150 crores, which is much less than it's market value. Meanwhile, the Economic Offences Wing (EOW) has filed a case against Mallya for siphoning off funds.