Thu, Mar 17, 2016, 12:15 PM
A consortium of banks, led by State Bank of India (SBI) will auction Kingfisher House, the property of Vijay Mallya that was seized by SBI in February last. The base price of the auction is Rs. 150 crores. SBI was fighting a legal battle with Mallya, who owes it more than Rs. 6,900 crores towards loans. Mallya is away from the country and the building, spread over 2,401 sq.mt., in Andheri area of Mumbai, is being auctioned today.