“Only after such a report is submitted, the court would consider the department’s request to hold re-auction as earlier auctions have failed to get a proper bid,” said Justice Dharmadhikari.
The highest bids received in the earlier three auctions were below the reserve price of Rs 152 crore.
According to the department’s petition before the high court, Mallya owes it Rs 32.68 crore as the service tax on the tickets of his Kingfisher Airlines sold between April 2011 and September 2012. In total, Mallya owes about Rs 532 crore in tax to the department, the petition said.
