For the Third Time no takers are reported for Vijay Mallya's Villa in North Goa. Officials declared the cost of Villa as Rs 81 crores but auction couldn't take place as no one came forward for bidding. Vijay Mallya has taken Rs 6000 crores loan from 17 Banks Consortium for King Fisher Airlines which became Rs 9000 crores with interest. Banks Consortium decided to go for auction of his properties to get back their amounts as a part of which they called bids for auction in which they failed thrice. Experts say that demonetization could be main reason for this. Vijay Mallya is enjoying in London where as bankers are worried about the recovery. CBI are investigating the case.
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