Auction of Vijay Mallya's jet deferred to June 29-30

Service Tax Department has deferred the auction of liquor baron Vijay Mallya’s private jet to recover R535-crore dues to June 29-30, after just one potential bidder showed interest, an official said

Service Tax Department has deferred the auction of liquor baron Vijay Mallya’s private jet to recover R535-crore dues to June 29-30, after just one potential bidder showed interest, an official said.

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The auction was earlier scheduled for May 12-13.

The Department, which had invited the bidders globally for the auction to get maximum sale price in its attempt to recover dues of R535 crore from Mallya-promoted Kingfisher Airlines, got only one bidder.

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