Mumbai: Top officials of the State Bank of India, the leading creditor of crisis-ridden Kingfisher Airlines said on Monday that the decision to seize Kingfisher House, the airline’s corporate headquarters is in line with whatever actions are required to recover the airline’s dues.
The next move on recovery front would be to take over Kingfisher Villa in Goa, bank officials said. Apart from attaching property, lenders are invoking corporate and personal guarantees provided by Vijay Mallya as part of their efforts to recover their money.
Kingfisher House, the headquarters of Kingfisher Airlines in the north-west Mumbai suburb of Vile Parle, was taken possession by a consortium of 14 banks led by SBI on Sunday after after the debt-ridden carrier failed to pay up its dues.
The move is part of the lenders' initiatives to recover Rs 6,072 crore along with interest. SBI Caps trustee -- on behalf of lenders -- took physical possession of the 25,850-square feet plot, which includes the office premises of about 17,072 square feet.
Read News in Full 12/08/13 Deccan Herald
No comments:
Post a Comment