Issues | Scams
No buyers for Mallya's Goa villa: Banks exhaust all means of recovery
SAI MANISH, BUSINESS STANDARD | 19 October 2016 22:31 IST
The auction of former liquor baron Vijay Mallya’s Kingfisher Villa in Goa has failed to attract any buyers. The auction was held for an hour on October 19 with a reserve price of Rs 85.29 crore.
The failure to attract any bidders for Mallya’s prized property located at Candolim in Goa is yet another setback for the 17 bank consortium led by State Bank of India (SBI).
