Delhi-based Choudhary Aviation Facilities Ltd purchased two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) here, a company official said on Wednesday. "Our company bought the two personal copters of Mallya for Rs 8.75 crore at the price of Rs 4.37 crore each in the electronic bidding conducted by the DRT in Bengaluru," Choudhary Aviation Director Satyendra Sehrawat told IANS from Delhi on phone.

The Tribunal organised the e-auction on behalf of a consortium of 17 banks which filed the case in the year 2013 against Vijay Mallya and his defunct Kingfisher Airlines Ltd for defaulting on loans borrowed from 2007-2012. "Though the 5-seater Airbus Eurocopter B155 choppers are 10-year-old, they are in a serviceable condition, with a good dual engine and are currently parked at Juhi airport in Mumbai," said Sehrawat.