"We want this plane to fly in the New Year," said Justice SC Dharmadhikari yesterday while directing the service tax department to complete the process of re-auction and sale of beleaguered businessman Vijay Mallya's private aircraft by December 15 this year
"We want this plane to fly in the New Year," said Justice SC Dharmadhikari yesterday while directing the service tax department to complete the process of re-auction and sale of beleaguered businessman Vijay Mallya's private aircraft by December 15 this year.
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The Bombay High Court bench also comprising Justice BP Collabawalla asked the service tax department to submit a report on this by December 20. The department, being represented by PS Jetley, refused to accept that a foreign company be allowed to conduct the auction, and maintained that only Metal Scrap Trade Corporation (MSTC), being a government company, can be permitted to recover the government value.
The HC made the observation that MSTC does not have the due expertise to carry out the auction. The HC bench asked CJ Leasing (Cayman) Ltd to find out customers for the R266 crore private jet, to which its counsel Darius Khambata said that they would need to know the reserve price first.
The service tax department was then asked to do the needful by November 10 and also to accept whomever the CJ Leasing brings to them.
Rs 500cr
The amount Mallya owes to the service tax department
Rs 3 cr
The money MIAL is liable to get as hangar and service charges for garaging Mallya's jet
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