The base price for the property was set at Rs 150 crore (Rs 1.5 billion).
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Air India has deferred inducting the 16th Dreamliner into its fleet as the aircraft experienced technical trouble during recent test flights in Seattle headquarters of the US manufacturer Boeing.
The row over a parliamentarian being asked to disembark from an Air India aircraft by its pilot deepened on Monday with reports indicating that a panel, which probed the incident, has concluded that he had entered the cockpit, thus violating airline regulations. However, official sources said the Mumbai unit of the Bureau of Civil Aviation Security, which carried out the probe, is yet to submit its report to the BCAS headquarters in New Delhi.
The overall responsibility of the low-cost carrier, Air India Express, would be that of Joint Managing Director Vishwapati Trivedi, with P P Singh being appointed its Chief Operating Officer. Both of them would be based in Delhi, sources said.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
The main problem on the Canadian side was the overtime bill for laying on extra police protection, said MacDonald. The issue was finally resolved when Transport Canada agreed to cover the cost.
The court order could put SpiceJet's revival plan under stress.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
In a series of tweets, Shah also questioned Congress leaders Sonia Gandhi and Rahul Gandhi whether they support the People's Alliance for Gupkar Declaration (PAGD), a conglomerate of regional and national political parties in Jammu and Kashmir formed to demand the restoration of the Article 370, scrapped last year.
GoAir is smaller in comparison to its rivals but is still surviving despite financial crisis.
Prospective bidders had earlier termed the reserve price as too high, while multiple legal woes of Mallya-led UB Group are also being cited by many as reasons for lack of interest in buying this property
Market leader IndiGo on Friday followed its rivals and raised fares by 25 per cent to offset the impact of rupee fall and spike in international crude prices.
Some lessors have even taken the airline to court.
"For the Lok Sabha elections, we are making meticulous planning on all fronts including electronic voting machines (EVMs) and the voter verifiable paper audit trail (VVPAT)," he said.
The airline has paid the TDS but mostly after the scheduled date.
SpiceJet promoter Kalanithi Maran would need to invest at least Rs 1,500 crore (Rs 15 billion) almost immediately to stabilise the airline.
The BJP threw a counter punch, claiming that the Gandhi family tried to help Mallya's floundering Kingfisher Airlines in 2011-12.
For two decades after his release in exchange for passengers of a hijacked Indian Airlines plane in 1999, Azhar has since been the darling of Pakistan's external snooping agency Inter-Services Intelligence.
Mallya has denied that he had fled India and said he would comply with laws.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
The officials said they had no information other than that Azhar was undergoing treatment at an army hospital after suffering renal failure.
The Kingfisher House has a built-up area of over 17,000 sq ft and is located in plush Vile Parle area near domestic airport in Mumbai.
'The fact that a rural Kashmiri boy was brainwashed into killing himself and others means there is an active programme that exists which does such recruiting and there will potentially be other such individuals out there,' warns Aakar Patel.
A meeting chaired by Cabinet Secretary Rajiv Gauba reviewed India's preparedness to deal with the virus amid mounting global concern over increasing number of cases in China and several other countries.
The 17-lender consortium, led by State Bank of India had put on auction the property with a reserve price of Rs 115 crore, which was 15% less than the second auction of the property held in August
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
Clare Montgomery, Modi's barrister, made a series of offers to try and convince the judge to grant bail.
In a disclosure to the markets, United Spirits has said it is awaiting information from UB Holdings for determining the treatment in the company's accounts of the loan together with applicable interest accrued until March 31, 2014.
This meeting came in the backdrop of a controversy raked up by some politicians, including those from Bharatiya Janata Party, Communist Party of India and Trinamool Congress, who objected to the sale of 24 per cent of Jet's equity to Etihad at a cost of Rs 2,058 crore, saying it was not in the national interests.
And learn what not to do from the so far jinxed Navi Mumbai International Airport.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
Kingfisher to be lager partner at ICC Champions Trophy to be played in UK.
'It must be rendering Modi, Amit Shah and Adityanath speechless that the Indian diplomat who lifted the Azhar trophy at the UN in New York is also a Muslim. 'Yes, this is the wonder that was India,' says Ambassador M K Bhadrakumar.
'The EC is a sacred institution.' 'In the last few years, more than once, we have found the EC bending over backwards to accommodate the government.'
'Who sent Masood Azhar back to Pakistan? Who bowed down to terror and released him? Not the Congress, but it was the BJP government'
Lohani's job was to turn around the MP Tourism Development Corporation.
'A resurgent Jaish could be a reflection of the Pakistani security establishment's view that with the region moving ever closer to a post-US Afghanistan, it is time to redirect attention to Kashmir.'
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances