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Fugitive Indian businessman Vijay Mallya's Kingfisher House in Mumbai was sold for Rs 52.25 crore to Hyderabad-based realty firm Saturn Realtors.&nbsp;
According to the reports from&nbsp;Times of India, the sale has taken place at a fraction of the original asking price after the lender failed to find a buyer despite holding multiple auctions across several years.&nbsp;
The building includes a basement, a ground floor, an upper-ground floor and an upper floor, measuring a total of 1,586 square meters. It is housed on a 2,402-sq-mtr plot.
Mallya has been declared a wilful defaulter and is wanted by Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012.&nbsp;
&nbsp;

Vijay Mallya's Kingfisher House in Mumbai sold for ₹52 crore

Sold! Kingfisher House in mumbai gets auctioned for Rs 52 cr vs orignal&nbsp;asking price of Rs 135 cr as lenders start fire sale of Mallya's&nbsp;assets.&nbsp;

Vijay Mallya's Kingfisher house sold for ₹52 crore

Vijay Mallya&rsquo;s Kingfisher House in Mumbai sold for ₹52&nbsp;crore
House has been sold at almost 1/3rd of its reserve price of ₹135 crore
The building has a total built up space of 17,074 sq ft
Mallya has been declared defaulter for default in payment of loans

<h2 class="article_desc">Vijay Mallya has been declared a wilful defaulter and is wanted by Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012.</h2>

Bad boy billionaire&nbsp;Vijay Mallya's pad in Mumbai&nbsp;called the&nbsp;Kingfisher House&nbsp;was sold for Rs 52.25 crore to Hyderabad-based realty firm Saturn Realtors.&nbsp; The building includes a basement, a ground floor, an upper-ground floor and an upper floor, measuring a total of 1,586 square meters. It is housed on a 2,402-sq-mtr plot.
As per reports the sale has at Rs 52 cr is a third of the original reserve price of&nbsp; Rs 135 cr set in 2016 for the auction. The drop in price was due to the fact that the&nbsp;lenders failed to find a buyer despite holding multiple auctions across several years.&nbsp;
In June, a consortium of 11 banks led by SBI that gave Mallya loans had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate.The special PMLA court in Mumbai allowed the restoration of properties worth Rs 5000&nbsp;crore to banks.
Mallya has been declared a wilful defaulter and is wanted by Indian authorities for default in payment of loans related to Kingfisher Airlines that was grounded in 2012.&nbsp;
&nbsp;

Foreign Secretary Harsh Vardhan Shringla&nbsp;on Saturday said that India has received&nbsp;&ldquo;best assurance&rdquo; from the UK authorities on extradition of Vijay&nbsp;Mallya&nbsp;so that he can face charges of fraud and money laundering.&nbsp;
Shringla&nbsp;said that India has made the best case for fugitive businessman and UK authorities have assured them that they are working on his extradition.&nbsp;
The Foreign Secretary made the statement in reply to a question on the delay in Mallya's&nbsp;extradition to India&nbsp;during his two-day visit to the UK.
Also watch:&nbsp;Banks get ₹9,000 crore worth seized assets of Vijay Mallya, Mehul Choksi, Nirav Modi

'Best assurance' from UK on Vijay Mallya extradition: Shringla

Foreign Secretary Harsh Vardhan Shringla&nbsp;on Saturday said that India has received&nbsp;&ldquo;best assurance&rdquo; from the UK authorities on extradition of Vijay&nbsp;Mallya&nbsp;so that he can face charges of fraud and money laundering.&nbsp;

Foreign Secretary: received best assurance from UK over Mallya's&nbsp;extradition
Mallya&nbsp;facing charges of fraud and money laundering
Foreign Secretary: India has made the best case for Mallya's&nbsp;extradition

Shringla&nbsp;said that India has made the best case for fugitive businessman's extradition and UK authorities have assured them that they are working on it.

Foreign Secretary Harsh Vardhan Shringla&nbsp;on Saturday said that India has received&nbsp;&ldquo;best assurance&rdquo; from the UK authorities on extradition of Vijay&nbsp;Mallya&nbsp;so that he can face charges of fraud and money laundering.&nbsp;
Shringla&nbsp;said that India has made the best case for fugitive businessman's extradition and UK authorities have assured them that they are working on it.
The Foreign Secretary made the statement in reply to a question on the delay in Mallya's&nbsp;extradition to India&nbsp;during his two-day visit to the UK.
Also watch:&nbsp;<a href="https://www.editorji.com/story/banks-get-9-000-crore-worth-seized-assets-of-vijay-mallya-mehul-choksi-nirav-modi-1624437931710">Banks get ₹9,000 crore worth seized assets of Vijay Mallya, Mehul Choksi, Nirav Modi</a>

'Secret' extradition proceedings going on to bring Mallya: Govt

The Centre has told the Supreme Court that a 'secret'&nbsp;extradition process was going on to bring Vijay Mallya to the country but...

The Centre on Monday told the Supreme Court that a 'secret'&nbsp;extradition process was going on to bring fugitive businessman Vijay Mallya to the country but it was not aware about its status. The Centre also told the top court that it was not a party to the proceedings. The SC asked Mallya's lawyer to inform the court what kind of 'secret' proceedings are going on to extradite him. Advocate Ankur Saigal, appearing for Mallya, told the apex court that he was not aware what kind of proceedings are going on. The lawyer said he has&nbsp;knowledge that his request against extradition has been rejected.

The Centre on Monday told the Supreme Court that "secret" extradition process was going on to bring fugitive businessman Vijay Mallya to the country but it was not aware about its status.
The Centre also told the top court that it was not a party to the proceedings.
A bench of Justices U U Lalit and Ashok Bhushan asked Mallya's lawyer to inform the court what kind of "secret" proceedings are going on to extradite him.
Advocate Ankur Saigal, appearing for Mallya, told the apex court that he was not aware what kind of proceedings are going on.
He said, "I have knowledge that my request against extradition has been rejected".
The bench also directed Mallya's lawyers to apprise it by November 2 when can the fugitive businessman appear before the court and when the "secret" proceedings are going to end.
Advocate Rajat Nair, appearing for the Centre, told the court that extradition request has been made as per the direction of the court.
"Some secret extradition proceedings are going on to which we are not a party.
"Extradition proceedings have been upheld by the highest court of UK but it has not been happening as of now," he said.
The apex court had earlier directed Mallya to appear before it on October 5 while dismissing his plea seeking review of the 2017 verdict which held him guilty of contempt for transferring USD 40 million to his children in violations of court orders.
Mallya, an accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is in the United Kingdom.
The apex court had in June directed its registry to explain as to why Mallya's review petition had not been listed before the concerned court for the last three years.
It had directed the registry to furnish all the details including names of officials who had dealt with the file concerning the review petition in the last three years.
The apex court's 2017 order had come on a plea by consortium of banks led by the State Bank of India (SBI), which had said that Mallya had allegedly transferred USD 40 million received from British firm Diageo, to his children in "flagrant violation" of various judicial orders.
It was dealing with pleas of lending banks seeking contempt action and a direction to Mallya to deposit USD 40 million received from offshore firm Diageo respectively.
The banks had then alleged that Mallya concealed the facts and diverted the money to his son Siddharth Mallya and daughters Leanna Mallya and Tanya Mallya in "flagrant violation" of the orders passed by the Karnataka High Court.
Mallya had in May lost his application seeking leave to appeal his extradition to India in the UK Supreme Court, setting a 28-day clock on his removal from the UK.
The UK top court's decision marks a big legal setback to the 64-year-old flamboyant businessman, who had earlier lost his high court appeal against an extradition order to India on charges of alleged fraud and money laundering related to unrecovered loans to his now-defunct Kingfisher Airlines.
Mallya has been based in the UK since March 2016 and remains on bail on an extradition warrant executed three years ago by Scotland Yard on April 18, 2017.&nbsp;

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