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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;

With reports of IDBI Bank fully recovering its dues from now-defunct&nbsp;Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money.
Posting on twitter a clipping of a news item that reported that IDBI Bank has recovered its entire dues totalling Rs 753 crore from the airlines, Mallya said, "And the Banks say I owe them money!".
His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the&nbsp;State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Kingfisher Airlines.
&nbsp;

Bad Boy Billionaire bankrupt but has not lost his sense of humour! Mallya mocks banks on twitter

Mallya vs Banks

Mallya, who fled to the UK in March 2016, is wanted in India over a default of Rs 9,000 crore that was loaned to Kingfisher Airlines (KFA) by several banks.

With reports of IDBI Bank fully recovering its dues from now-defunct&nbsp;Kingfisher Airlines, fugitive businessman Vijay Mallya on Thursday mocked banks for saying he still owed them money.
Posting on twitter a clipping of a news item that reported that IDBI Bank has recovered its entire dues totalling Rs 753 crore from the airlines, Mallya said, "And the Banks say I owe them money!".
His tweet comes after a British court on Monday granted a bankruptcy order against him, paving the way for a consortium of Indian banks led by the&nbsp;State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by Kingfisher Airlines.
&nbsp;

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
The Indian banks, represented by a law firm and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.
The 65-year-old businessman, meanwhile, remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings.

UK High Court declares Vijay Mallya bankrupt, SBI and other banks can now takeover assets!

UK High Court declares Vijay Mallya bankrupt, SBI and other banks can now takeover assets!&nbsp;

Win for Indian banks led by SBI: UK High Court declares Vijay Mallya bankrupt

The Indian banks, represented by a law firm and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.

A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines.
The Indian banks, represented by a law firm and barrister Marcia Shekerdemian, had argued for the bankruptcy order to be granted in favour of the Indian banks.
The 65-year-old businessman, meanwhile, remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings.

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>

The Enforcement Directorate (ED) has transferred over ₹9,000&nbsp;crore&nbsp;worth seized assets of fugitive businessmen&nbsp;Vijay Mallya, Mehul Choksi and Nirav Modi&nbsp;to public sector banks.
As per a tweet by the ED on Wednesday, total&nbsp;seized assets amount to worth ₹18,170&nbsp;crore, which is almost 80% of the total loss to banks caused by the three fugitives. The ED mentioned that&nbsp;a part of seized assets of ₹9,371 crore&nbsp;was transferred&nbsp;to state-owned banks&nbsp;and central government.

Banks get ₹9,000 crore worth seized assets of Vijay Mallya, Mehul Choksi, Nirav Modi

The Enforcement Directorate (ED) has transferred over ₹9,000&nbsp;crore&nbsp;worth seized assets of fugitive businessmen&nbsp;Vijay Mallya, Mehul Choksi and Nirav Modi&nbsp;to public sector banks.
As per a tweet by the ED on Wednesday, total&nbsp;seized assets amount to ₹18,170&nbsp;crore, which is almost 80% of the total loss to banks caused by the three fugitives. The ED mentioned that&nbsp;a part of seized assets of ₹9,371 crore&nbsp;was transferred&nbsp;to state-owned banks&nbsp;and the central government.

A consortium of Indian banks led by the State Bank of India on Tuesday moved a step closer in their attempt to recover debt from Vijay Mallya&rsquo;s&nbsp;defunct Kingfisher Airlines.This after the High Court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman&rsquo;s assets in India.
Chief Insolvencies and Companies Court declared that there is no public policy that prevents a waiver of security rights, as argued by Mallya&rsquo;s lawyers.
Mallya&rsquo;s lawyers had referenced witness statements of retired Indian judges in previous hearings to reiterate that there is &ldquo;public interest under Indian law&rdquo; by virtue of the banks being nationalised.

SBI, others inch closer to recover loan as Mallya loses bankruptcy plea in UK

A consortium of Indian banks led by the State Bank of India on Tuesday moved a step closer in their attempt to recover debt from Vijay Mallya&rsquo;s&nbsp;defunct Kingfisher Airlines. This after the High Court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman&rsquo;s assets in India.
Chief Insolvencies and Companies Court declared that there is no public policy that prevents a waiver of security rights, as argued by Mallya&rsquo;s lawyers.
Mallya&rsquo;s lawyers had referenced witness statements of retired Indian judges in previous hearings to reiterate that there is &ldquo;public interest under Indian law&rdquo; by virtue of the banks being nationalised.

Vijay Mallya loses bankruptcy petition battle in UK UK court handed down judgment in favour of SBI Judgment to help banks recover debt from Mallya SBI:&nbsp;₹11,000 cr&nbsp;still to be recovered from&nbsp;Mallya
&nbsp;

A consortium of Indian banks led by the State Bank of India on Tuesday moved a step closer in their attempt to recover debt from Vijay Mallya&rsquo;s&nbsp;defunct Kingfisher Airlines. This after the High Court in London upheld an application to amend their bankruptcy petition, in favour of waiving their security over the embattled businessman&rsquo;s assets in India.
Chief Insolvencies and Companies Court declared that there is no public policy that prevents a waiver of security rights, as argued by Mallya&rsquo;s lawyers.
Mallya&rsquo;s lawyers had referenced witness statements of retired Indian judges in previous hearings to reiterate that there is &ldquo;public interest under Indian law&rdquo; by virtue of the banks being nationalised.

Fugitive liquor baron Vijay Mallya has appealed to the UK Home Secretary Priti Patel for "another route" to remain in the United Kingdom. Mallya's legal representative made the claim during a hearing into the tycoon's bankruptcy proceedings at the UK High Court in London on Friday. Mallya has gone through and exhausted the full legal procedures available to him to fight the Indian government's effort to extradite him. He remains out on bail awaiting the UK Home Secretary Patel formally signing off on the extradition. There has been speculation that Mallya has sought asylum in the UK

Mallya appeals to UK Home Secy for another route to stay

Fugitive liquor baron Vijay Mallya has appealed to the UK Home Secretary Priti Patel for "another route" to remain in the United Kingdom.

Fugitive liquor baron Vijay Mallya has appealed to the UK Home Secretary Priti Patel for "another route" to remain in the United Kingdom. Mallya's legal representative made the claim during a hearing into the tycoon's bankruptcy proceedings at the UK High Court in London on Friday. Mallya has gone through and exhausted the full legal procedures available to him to fight the Indian government's effort to extradite him. He remains out on bail awaiting the UK Home Secretary Patel formally signing off on the extradition.

Fugitive liquor baron Vijay Mallya has appealed to the UK Home Secretary Priti Patel for "another route" to remain in the United Kingdom. Mallya's legal representative made the claim during a hearing into the tycoon's bankruptcy proceedings at the UK High Court in London on Friday. Mallya has gone through and exhausted the full legal procedures available to him to fight the Indian government's effort to extradite him. He remains out on bail awaiting the UK Home Secretary Patel formally signing off on the extradition. There has been speculation that Mallya has sought asylum in the UK

A UK court has refused to release funds held by it as part of bankruptcy proceedings against disgraced liquor tycoon Vijay Mallya. The former Kingfisher Airlines chief had sought approval to use 2.8 million pounds of the estimated 2.9 million pounds held by the court under the UK's Insolvency Act 1986. Mallya&rsquo;s counsel argued that he needed urgent access to funds to avert a &ldquo;high risk&rdquo; of him losing his legal representation. The counsel for the Indian banks contested the plea on the grounds of the risk of dissipation of assets held towards the debt owed to the banks.

UK court refuses to release funds for Mallya's legal fees

A UK court has refused to release funds held by it as part of bankruptcy proceedings against disgraced liquor tycoon Vijay Mallya&nbsp;

A UK court has refused to release funds held by it as part of bankruptcy proceedings against disgraced liquor tycoon Vijay Mallya. The former Kingfisher Airlines chief had sought approval to use 2.8 million pounds of the estimated 2.9 million pounds held by the court under the UK's Insolvency Act 1986. Mallya&rsquo;s counsel argued that he needed urgent access to funds to avert a &ldquo;high risk&rdquo; of him losing his legal representation. The counsel for the Indian banks contested the plea on the grounds of the risk of dissipation of assets held towards the debt owed to the banks.

vijay mallya

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