Mumbai : Lenders’ attempt on Wednesday to auction Kingfisher House, the erstwhile headquarters of Vijay Mallya- owned, now defunct Kingfisher Airlines, proved to be a damp- squib for the fifth time, despite cut in the reserve price.
The 17-lender consortium led by State Bank of India had lowered the reserve price of the property by 10% to Rs 93.50 crore from Rs 103.50 crore in the previous auction held in March. In December auction, the reserve price was set at Rs 115 crore.
“There were lot of enquires for the property from buyers but none of them deposited the bids in today’s auction,” said a banker.
