It pains former F1 driver Karun Chandhok to see that interest in motorsport in India has declined drastically.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
The Force India Formula One team will race in this weekend's Belgian Grand Prix as a new mid-season entry stripped of 2018 constructors' championship points.
Force India, on Monday, unveiled its new car --VJM11 -- for the 2018 season, hours ahead of first testing.
They said creditors would be paid in full and all 405 jobs at the Silverstone-based team, that was co-owned by embattled Indian businessman Vijay Mallya and finished fourth last year, were safe.
The team, who became Force India in 2008 after Indian beer baron Vijay Mallya bought Spyker F1, were taken over in August by Canadian billionaire Lawrence Stroll after going into administration.
Co-owner Vijay Mallya resigned as a director of the Force India Formula One team but will continue to serve as principal and shareholder.
The Silverstone-based team have finished fourth for the past two years
Media reports this week suggested that British energy drink firm Rich Energy was leading a consortium seeking to purchase the Silverstone-based team for 200 million pounds ($278.66 million).
Force India F1 team rule out name change this year
Nico Hulkenberg and Sergio Perez will start the season ending Abu Dhabi Grand Prix from seventh and eighth on the grid courtesy a solid showing in the qualifying at the Yas Marina Circuit in Abu Dhabi on Saturday.
Formula One leader Lewis Hamilton made the most of the changeable conditions to seize pole position for the Belgian Grand Prix ahead of Ferrari title rival Sebastian Vettel on Saturday.
Mexican Sergio Perez scrambled free from the wreckage of a heavy crash that left his Force India upside down on the track, halting first practice for the Hungarian Formula One Grand Prix on Friday.
Summary of sports events and persons who made news on Saturday
Italian police are investigating the theft of a steering wheel from the Force India garages at Monza before last Sunday's Italian Grand Prix, the Formula One team said on Tuesday.
The German is 40 points adrift of Mercedes rival Lewis Hamilton with six races remaining and is running out of time to reassert himself in the battle of the four times world champions.
Team mate Sebastian Vettel was second fastest to complete the front-row sweep, with championship leader Lewis Hamilton third for Mercedes.
International tennis star and Indian doubles champion Mahesh Bhupati and India's Davis Cupper Rohan Bopanna visited the Force India Formula One team in Monaco prior to the Monaco Grand Prix on Sunday.
'I love Vijay. My heart is really broken because I know this is not ideal in the short term for him, but the big picture is really different'
Indian teenager Arjun Maini has joined the US-owned Haas Formula One team as a development driver alongside 18-year-old American Santino Ferrucci.
The administration was triggered by Force India's Mexican driver Sergio Perez, supported by engine provider Mercedes and team sponsor BWT who were also owed money by a team struggling financially.
Sergio Perez expects to have his Formula One future decided before next month's Malaysian Grand Prix and said on Thursday that he is currently weighing up two options.
Paul di Resta was pipped by Renault's Bruno Senna in the dying minutes of the Q2 session as none of the Force India cars made it to the top-10 in the qualifying session of the Italian Grand Prix in Monza, Italy on Saturday.
The German was joined on the front row of the grid by reigning world champion and closest rival Lewis Hamilton, in a Mercedes.
Force India co-owner Vijay Mallya reminded drivers Sergio Perez and Esteban Ocon that the team must take priority after a collision at the Azerbaijan Grand Prix wrecked hopes of a first win in Formula One.
Lewis Hamilton of Mercedes stormed to pole position with a scorching lap in qualifying for the Malaysian Grand Prix as title rival Sebastian Vettel was left stranded in the garage and will start dead last.
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Indian Formula One team Sahara Force India will pay tribute to cricketing legend Sachin Tendulkar via a hashtag #masterblaster which has been placed on the nose of their racing cars at the upcoming Indian GP.
Pak PM discussed the situation in Kashmir and tense relations with India with Army chief Gen Raheel Sharif.
Adrian Sutil has been driving for Force India since the team first raced in Formula One in 2007. But the German is still without a podium finish against his name.
A year out of Formula One has increased Adrian Sutil's desire to be a world champion and made him mentally stronger, the Force India driver said on Friday.
The Sahara Group has sought Supreme Court's permission to sell its shares in the Force India Formula 1 team as part of its effort to raise funds for the release of conglomerate's jailed chief Subrata Roy.
Adrian Sutil moved closer to a return to Formula One after the German driver visited the Force India factory for a seat-fitting on Thursday.
Vijay Mallya's nameplate gleamed on the door of his office in the Force India hospitality at the Indian Grand Prix on Thursday while a team sponsor board outside carried the words 'Fly Kingfisher'.
Embattled Force India co-owner Vijay Mallya will not be attending Sunday's Spanish Grand Prix but he is hoping for a change of fortune on the track at least for his Formula One team in Barcelona.
French driver Esteban Ocon will race for Force Indianext season after agreeing a multi-year deal, the Silverstone-based Formula One team said in a statement at the Brazilian Grand Prix on Thursday. Ocon replaces experienced German Nico Hulkenberg, who is moving to Renault, alongside Mexican Sergio Perez at a team co-owned by Indian tycoon Vijay Mallya and currently fourth in the championship. The 20-year-old is contracted long-term to Mercedes, Force India's engine provider, and made his debut this year with the lowly Manor team as a mid-season replacement for Indonesian Rio Haryanto.
The Force India Formula One team will limit their involvement in second practice for the Bahrain Grand Prix on Friday and may skip the session altogether for safety reasons, deputy principal Bob Fernley said.
The Force India Formula One team must pay legal costs of more than $1 million dollars within two weeks after a copyright case involving rivals Caterham and the operators of an Italian wind tunnel, a judge ruled on Friday.
The Force India Formula One team vanished from television screens for the second day in a row at the Bahrain Grand Prix on Saturday, triggering speculation that they had been punished for pulling out of Friday practice.
Safety fears grew ahead of this weekend's Formula One Grand Prix in Bahrain on Thursday after members of the Force India team were caught up in a petrol bomb incident.
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