April 14, 2026 07:36 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'ECI deviated from Bihar procedure': Supreme Court raises concerns over voter deletion in Bengal SIR | Noida workers’ protest turns violent: Stones pelted, vehicles damaged over wage hike demand | Oil prices jump above $103 a barrel as US moves to block Iran-linked shipping | I don’t care if they come back or not, says Trump after Iran talks collapse | Legendary singer Asha Bhosle suffers cardiac arrest, hospitalised | Big boost to India–Mauritius ties: S. Jaishankar hands over 90 e-buses | Middle East tension: Iranian delegation arrives in Islamabad for major talks, 10,000 security personnel deployed | Ranveer Singh visits RSS HQ amid Dhurandhar 2 success, triggers speculation | ED raids ex-Bengal minister Partha Chatterjee; SSC scam resurfaces ahead of polls | Amit Shah promises UCC, ₹3,000 aid per month for women and youth in BJP’s Bengal manifesto

Consortium again fails to find buyers for Kingfisher assets

| | Apr 30, 2016, at 08:29 pm
Mumbai, Apr 30 (IBNS) The 17-bank consortium led by the State Bank of India did not find buyers to bid for the brands and trademarks of Kingfisher Airlines, earlier owned by liquor baron Vijay Mallya, at an auction held on Saturday, according to media reports.
The consortium had set a reserve price of Rs 366.7 crore for the pledged assets in their effort to recover loans unpaid by Mallya.
 
A similar auction held in March to sell the defunct airlines headquarters, Kingfisher House (with a reserve price of Rs 150 crore)  had also failed to attract a single bidder.
 
The trademarks up for auction were 'Fly the Good Times' tagline, Flying Models, Funliner, Fly Kingfisher and Flying Bird Device, media reported.

Mallya is wanted in India for defaulting on repayment of the bank loans. The Indian government has revoked Mallya's passport and written to the UK High Commission for his deportation.
#Kingfisher assets # State Bank of India # Kingfisher # Vijay Mallya

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm