he Bombay High Court asked the Service Tax Department, which has to recover dues of Rs 532 crore from the business tycoon Vijay Mallya, to Revalue his luxury plane parked at the Mumbai airport.

After the revaluation, the HC said it would consider the department’s request to allow a re-auction of the aircraft.

A division bench headed by Justice S C Dharmadhikari asked the department to revalue the base price of the aircraft and submit a report in a sealed cover by January 19.