Banks start auctioning Mallya’s 9 cars, air conditioners

New Delhi: The consortium of lenders headed by SBI Bank has begun e-auction of Kingfisher airlines cars owned by Vijay Mallya and other office properties including air conditioners. SBI Cap has begun e-auction for selling nine high-end cars like two Honda City EXi, a Honda Civic, two Toyota Camry, a Toyota Innova, a Toyota Corolla, a Hyundai Elantra and a Hyundai Santro Zip. These cars belongs to Kingfisher Airlines and Vijay Mallya. Bids were invited till April 4 and ctual auction has begun today. Besides, other movable assets up for grabs include office furniture and fittings, air-conditioners and other items in the Kingfisher House. The e-auction is being carried out jointly by SBICAPS Trustee Co Ltd, a subsidiary of SBI Caps through Auction Tiger.