Mumbai: One of Vijay Mallya's flagship properties in Mumbai, Kingfisher House, is being auctioned online today.
The base price for the office at Andheri in Mumbai's western suburbs has been fixed at Rs. 150 crore.
The e-auction is being conducted by an arm of the state-run State Bank of India, which is one of the banks that are trying to recover at least a billion dollars loaned to Mr Mallya's grounded Kingfisher Airlines.
At least 15 offers are reportedly in.
The auction is taking place a day before Mr Mallya has been summoned for questioning as part of an investigation related to one of the bank loans.
Sources in the Enforcement Directorate, which has summoned Mr Mallya, say "it has to be a personal appearance, he can't send his lawyer."
Mr Mallya is reportedly in the UK amid attempts in India to recover over Rs. 6,000 crore loaned to his Kingfisher Airlines, which stopped operating in 2012.
A group of 17 banks led by the State Bank of India had asked the Supreme Court to stop Mr Mallya from travelling abroad but the government told the court last week that he had left the country on March 2.
On a request from the banks, a court recently put on hold the payment of $75 million or 515 crores by Diageo to Mr Mallya as part of a settlement under which the liquor baron would step down as the chairman of United Spirits.
Banks like the State Bank of India and United Bank of India have declared Mr Mallya a willful defaulter.
