Mallya's Mumbai mansion, Goa villa may be sold

July 05, 2012 13:44

Just in: CNN IBN reports that banks will now begin selling assets of the bankrupt Kingfisher Airlines as part of the recovery process. These assets are non-core and include a house in Mumbai and a villa in Goa. It may be recollected that on Tuesday, ICICI Bank oflloaded its entire Rs 430-crore debt exposure in Kingfisher Airlines (KFA) to a debt fund of Srei Venture Capital (SVCL), the fund management arm of Kolkata-based Srei Infrastructure Finance.

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