MSTC e-auction to take place on March 15-16

> Rs5.35 billion Mallya owes the Indian Service Tax Department. > The bidding for Kingfisher Airlines Airbus A319 corporate jet will be conducted by state-run MSTC on March 15-16. > Prospective bidders must submit interest free pre-bid Earnest Money Deposit by March 14. > The Earnest Money Deposit for Indian bidders is Rs5 million and for foreign bidders it is $75,000. > The Indian Service Tax Department claims Vijay Mallya had collected a large sum of money as service tax from flyers of Kingfisher Airlines on behalf of the government, but the collection was not deposited in the government treasury.