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Title SBI seizes Goa villa of Vijay Mallya
Image http://bsmedia.business-standard.com/_media/bs/img/article/2016-03/13/full/1457871026-8815.jpg
Summary The government-owned State Bank of India (SBI) has seized a villa of debt-strapped liquor baron Vijay Mallya in Panaji, Goa. Mallya flew to London in March, under pressure from bankers seeking to recover about Rs 9000 cr owed by his collapsed Kingfisher Airline. The district magistrate gave an order in favour of banks to take physical possession of the Rs 90 cr Kingfisher Villa in Panaji town, which was venue of many famous parties hosted by him. The property is attached now completely. There is no access, nobody can enter into it.
Tags SBI, Goa, Vijay Mallya
SBI seizes Goa villa of Vijay Mallya
SBI seizes Goa villa of Vijay Mallya
The government-owned State Bank of India (SBI) has seized a villa of debt-strapped liquor baron Vijay Mallya in Panaji, Goa. Mallya flew to London in March, under pressure from bankers seeking to recover about Rs 9000 cr owed by his collapsed Kingfisher Airline. The district magistrate gave an order in favour of banks to take physical possession of the Rs 90 cr Kingfisher Villa in Panaji town, which was venue of many famous parties hosted by him. The property is attached now completely.