October 17, 2026 04:28 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'How dare Elon Musk?' Owaisi defends Modi after billionaire's 'real boss' jibe at Ambani | 'B****y S***': IAS officer's abuse of female colleague during virtual J&K meeting sparks row | Aamir Khan’s nephew Imran Khan asked to leave India by Oct 28 after joining anti-CEC protest | ‘Their crime? Demanding justice’: Rahul Gandhi slams 4 AM detention of Ankita Bhandari’s parents | ‘Bangladesh showed us the way’: Neha Bora’s remarks spark BJP attack on Rahul Gandhi | Chingrighata flyover skid scare: Bikes fall, anti-skid blocks installed overnight as Bengal Minister Agnimitra Paul faces criticism | Meerut blue drum murder case: Muskaan, her lover get death sentence | 'Rise up, young patriots!': American singer Mary Millben alleges CJP gets US funding, urges peaceful protests | 'Won't go unchallenged': Muhammad Yunus heckling in New York triggers legal action warning | flydubai cockpit attack probe widens: Two Maldivian pilots detained in UAE over links to Omani co-pilot

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
In Images: Gautam Adani offers prayers at Kalighat Temple in Kolkata
In Images: Gautam Adani offers prayers at Kalighat Temple in Kolkata Sep 24, 2026, at 11:48 am
In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata
In Images: Amit Shah performs 'Bhoomi Pujan' of Amul's curd manufacturing plant in Kolkata Jul 19, 2026, at 10:57 pm
Nirmala Sitharaman presents Budget 2025
Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:41 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