New Delhi: Indian authorities will try to auction the absconding liquor baron Vijay Mallya’s lavish corporate jet aircraft Airbus A-319, which remains parked at the Mumbai airport for many years.
For the purpose, the liquidator of Karnataka High Court has fixed a date and time for the online auction of the jet. As per the liquidator's direction, A-319 jet, codenamed as VT-VJM after Vijaya Mallya, will be auctioned between June 29 and 29 from 2 pm to 2 pm respectively.
The minimum bid value for the action has been kept around Rs 12 crore. The buyer will also have to pay an additional 28 percent GST charge on the auction amount. In December 2013, the Kingfisher airlines were seized by the service tax department in return of the dues. But, failed to sell the aircraft in its previous attempts as it didn't receive such a bid to auction the aircraft.
14/06/18 Zee News
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For the purpose, the liquidator of Karnataka High Court has fixed a date and time for the online auction of the jet. As per the liquidator's direction, A-319 jet, codenamed as VT-VJM after Vijaya Mallya, will be auctioned between June 29 and 29 from 2 pm to 2 pm respectively.
The minimum bid value for the action has been kept around Rs 12 crore. The buyer will also have to pay an additional 28 percent GST charge on the auction amount. In December 2013, the Kingfisher airlines were seized by the service tax department in return of the dues. But, failed to sell the aircraft in its previous attempts as it didn't receive such a bid to auction the aircraft.
14/06/18 Zee News
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