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. The auction will let the lenders recover just a small fraction of Rs 6,963 crore that the Kingfisher owes to banks. Zee News is the highly popular Hindi News channel of India’s largest television network ZMCL. The channel, which has a huge following in India and abroad, has won several prestigious national and international awards. Amongst its popular programs are - Dr. Subhash Chandra Show: https://goo.gl/fCugXC Daily News and Analysis: https://goo.gl/B8eVsD Manthan: https://goo.gl/6q0wUN Fast n Facts: https://goo.gl/kW2MYV Your daily does of entertainment: https://goo.gl/ZNEfhw Sports round up: https://goo.gl/KeeYjf Aapke Sitare: https://goo.gl/X56YSa Bharat Bhagya Vidhata: https://goo.gl/QqJiOV Taal Thok Ke : https://goo.gl/yiV6e7 Subscribe to our channel at: https://goo.gl/qKzmWg Check out our website: http://www.zeenews.com Connect with us at our social media handles: Facebook: https://www.facebook.com/ZeeNews Twitter: https://twitter.com/ZeeNews Google Plus: https://plus.google.com/+Zeenews