Banks to auction Mallya's Kingfisher Villa for ₹85 cr
The State Bank of India-led 17-bank consortium has put on sale beleaguered businessman Vijay Mallya’s Goa property, the Kingfisher Villa, at a reserve price of ₹85.29 crore. The e-auction of the villa's immovable property will be conducted on October 19. Mallya owes over ₹9,000 crore to banks like SBI, Axis Bank, and PNB, among others. 