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Lenders to sell Kingfisher Airlines' assets in e-auction

After declaring Kingfisher Airlines, its promoter Vijay Mallya and United Breweries Holdings wilful defaulters, banks on Saturday put up for sale some of the airline’s assets including cars and forklifts. According to an auction notice issued by SBICap Trustee Company, which represents the creditors, the banks will sell moveable pledged assets through an auction over the Internet on December 7. The reserve price for the assets going on sale has been set at Rs 65 lakh.

Nov 22, 2015, 14:02 PM IST