Mallya's Property Sold In Mumbai For Rs 52 Crore

The debt recovery tribunal (DRT) managed to recover Rs 52.25 crore in Mumbai by selling fugitive Vijay Mallya's Kingfisher House to a Hyderbad-based Saturn Realtors. The recovery from the house, which was valued at Rs 150 crore, will go to the lenders who already retrieved Rs 7,250 crore by auctioning shares of Mallya. Besides, during the auction period in November 2019, the house failed to attract buyers repetitively eight times.