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20
December 2016
A State Bank of India (SBI)-led
consortium's attempt to auction the Kingfisher House here, once owned by
industrialist Vijay Mallya, failed for the third time on Monday as there were
no takers despite a 15 per cent cut in reserve price. The Total Investment & Insurance Solutions
The reserve price for Kingfisher House,
once the defunct Kingfisher Airline's corporate office, was Rs 115 crore, which
was 15 per cent lower than the failed second auction held in August, when the
minimum sale price was fixed at Rs 135 crore. Both previous auctions failed as
bidders found the reserve price too high. The Total Investment & Insurance Solutions
The Kingfisher Villa in north Goa will
be auctioned on December 22 at a reserve price of Rs 81 crore, which is 5 per
cent lower than the auction held in October, when the lenders had tried to sell
the sea facing property at Rs 85.29 crore. The Total Investment & Insurance Solutions
The liquor baron left the country in
March and is currently said to be living in Britain.
Kingfisher Villa, owned by United
Breweries Holdings (UBHL), was mortgaged as collateral for loans to Kingfisher
Airlines. The Total Investment &
Insurance Solutions
Besides these two properties, the banks
are also once again auctioning the movable properties worth Rs 15.72 lakh kept
at Kingfisher House, on January 5. The
Total Investment & Insurance Solutions
These assets include 10 cars, which will
be auctioned on an individual basis.
Kingfisher Airlines owes around Rs 9,000
crore to the consortium of 17 banks.The
Total Investment & Insurance Solutions
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