A consortium of banks under SBI Cap will soon take over the custody of
about 40 vehicles and a personal jet of Vijay Mallya among other
abandoned support system assets lying on the premises of the Chhatrapati
Shivaji International Airport (CSIA), freeing about 26,000 sqft of
space for other usage.
SBI Cap acted apparently after media reports claiming about airport operator Mumbai International Airport Limited (MIAL) selling these assets as junks to recover its due of about Rs53 crore from the now-defunct Kingfisher airline.
A source in the bank has revealed that soon after the media reports, when they approached MIAL for assessing the assets, the airport operator started showing hesitance. dna had in its May 7 edition reported about MIAL issuing an open tender to sell the 39-odd vehicles as junk. The operator has earlier sold off one of Mallya's personal jets to a Sakinaka based junk shop owner, reportedly for Rs 22 lakh.
Read news in full 10/07/15 Shahkar Abidi/Daily News & Analysis
SBI Cap acted apparently after media reports claiming about airport operator Mumbai International Airport Limited (MIAL) selling these assets as junks to recover its due of about Rs53 crore from the now-defunct Kingfisher airline.
A source in the bank has revealed that soon after the media reports, when they approached MIAL for assessing the assets, the airport operator started showing hesitance. dna had in its May 7 edition reported about MIAL issuing an open tender to sell the 39-odd vehicles as junk. The operator has earlier sold off one of Mallya's personal jets to a Sakinaka based junk shop owner, reportedly for Rs 22 lakh.
Read news in full 10/07/15 Shahkar Abidi/Daily News & Analysis
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