Mallya’s Kingfisher villa in Goa sealed, may fetch Rs 90 cr

615

kf villa A legal agency appointed by a consortium of lender banks on Friday took possession of former liqour baron Vijay Mallya’s iconic Kingfisher villa in Goa’s tony Candolim beach village.

Officials of the Delhi-based ARCK Consultants appointed by State Bank of India, one of the lenders to Mallya’s now defunct Kingfisher Airlines, sealed the Kingfisher Villa valued at Rs 90 crore after drawing up an inventory of goods and articles inside the palatial premises.

“The property has been attached completely. All inventories have been done. No one can now have access to the villa without out permission. The SBI has taken control. We have proceeded as per court order,” Anil Kohli of ARCK consultants told reporters outside Kingfisher Villa.

Kohli also said that auctioning of the villa would take some time.

Representing the bankers’ consortium, SBI Caps had sought physical possession of the property under Section 14 of the Sarfaesi Act in late 2014.

@Agency report.



Related Articles & Comments

Leave a Comment

Your email address will not be published. Required fields are marked *