Pursuits

India Plans to Delay Auction of Vijay Mallya's Luxury Jet

Tax department seeking to sell plane to recover unpaid dues
Sale delay because of little interest from potential bidders

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Anurag Kotoky, Shruti Srivastava, and Vrishti Beniwal

May 11, 2016 at 7:21 AM UTC

Updated on

May 11, 2016 at 10:53 AM UTC

This article is for subscribers only.

India delayed the auction of an impounded luxury jet used by ex-billionaire Vijay Mallya by seven weeks, according to a notice posted on the website of state auctioneer, MSTC Ltd.

The delay comes after the government received little interest from prospective bidders, people with direct knowledge of the matter said.