Tag Archives: Kingfisher

Kingfisher House put on block again, reserve price reduced to Rs 135 crore

Lenders of Kingfisher Airlines have one again put on block Kingfisher House seeking at least Rs 135 crore. Last time, when banks attempted to sell the headquarters of the defunct airlines, at a reserve price of Rs 150 crore, it did not receive a single bid. Kingfisher owes Rs 7000 crore to lenders. Lenders have fixed August… Read More »

Lenders to revalue Kingfisher House, hope to sell it shortly

Having failed once to sell the Kingfisher House for recovering their loans, banks have begun a fresh valuation process for auctioning the headquarters of the Vijay Mallya’s long defunct Kingfisher Airlines. “A revaluation process has begun and will be over by the next week. The property will put on the block again at the earliest,” a… Read More »