Banks firm up plans to sell Vijay Mallya’s assets SECTIONS Share Synopsis “From now on, the ED will have no role to play as far as the auction of restored assets is concerned. The banks, however, have to execute a bond before the special court before auctioning the assets,” an official said. ET Bureau Days after the Prevention of Money Laundering Act (PMLA) court allowed restoration of assets worth Rs 5,646.54 crore of beleaguered liquor baron Vijay Mallya with the consortium of banks led by the State Bank of India (SBI), the Indian banks have already started firming up plans for the sale of his assets, sources privy to the development told ET.