The ‘Gutka Baron’ who purchased Kingfisher Villa in Goa: Know more
Businessman-actor Sachiin Joshi has purchased the Kingfisher villa for a whooping 73.01 crores through a private treaty with the banks after three failed auctions. “The Sarfaesi Act allows banks to cut a private deal to sell the assets of a defaulter if auctions fail twice. But under the rules, the asset should be sold above […]
Vijay Mallya’s Kingfisher villa in Goa finds no takers
The sea facing Kingfisher villa in Goa found no takers during an E-auction. This has made it difficult for the lenders to recover their dues from the businessman’s seized assets. Vijay Mallya was known to host lavish parties in the past at the villa. The reserve price was set at 85.3 crores for the 12,350 […]
Rs.85 crore set as minimum bidding cost for Kingfisher villa
Vijay Mallya’s Kingfisher Villa in Goa is finally up for auction. The State Bank of India CAP Trustee Company Limited has set Rs.85 crore as the minimum cost for the auction of the villa. The e-auction will take place for 60 mins between 11am to 12 noon on October 19, 2016. Prior to this, the […]
