December 19, 2025 03:13 am (IST)

Make this your homepage

All Finance

‘Worst is over,’ says IndiGo CEO after flight chaos; staff told to ignore speculation | Chaos at Hyderabad's Lulu Mall! Nidhhi Agerwal swarmed by fans, police register case | TCS bets big on AI, shares spike as company reveals ambitious plan | Delhi goes into emergency mode! Work from home, vehicle bans as AQI hits ‘severe’ | Massive fire guts shanties near Eco Park in Kolkata; no casualties | Indian Visa Application Centre in Dhaka shuts down early amid rising security concerns | Market update: Sensex tumbles 120 points, Nifty below 25,850 at closing bell | ‘Won’t apologise’: Prithviraj Chavan stands firm on controversial Operation Sindoor remark despite backlash | India summons Bangladesh High Commissioner after provocative 'seven sisters' remark | Amazon eyes $10 billion investment in OpenAI — a gamechanger for AI industry!

Consortium again fails to find buyers for Kingfisher assets

India Blooms News Service | | Apr 30, 2016, at 08:29 pm

#Kingfisher assets # State Bank of India # Kingfisher # Vijay Mallya

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.

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.

India
International

Related Images

Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 pm

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 May 13, 2023, at 08:39 pm