(HT)
After three failed auctions, banks have finally managed to sell the Kingfisher Villa in Goa belonging to businessman Vijay Mallya to actor-producer Sachiin Joshi for Rs 73 crore through a private treaty.
The harried lenders to Kingfisher Airlines have ended the jinx to recover the dues of over Rs 9,000 crore by monetising assets of the airline under their custody by selling the villa. The sale of the villa finally took off earlier this week after three failed auctions, the last being on March 6.
With this, the lenders’ only other asset is the Kingfisher House in Mumbai, which had commanded a valuation of over Rs 150 crore initially, but could not be auctioned even at the fourth round.
