Mumbai: A consortium led by State Bank of India has recovered around Rs 550 crore by selling shares of troubled airline Kingfisher.
Out of this, SBI got Rs 140 crore, the bank's mid-corporates head Shyamal Acharya also said.
For the rest of the nearly Rs 6,000 crore unpaid debt, he said banks have personal guarantees of airline chairman Vijay Mallya.
He, however, refused to divulge more details saying the matter is sub-judice.
The consortium has taken possession of Kingfisher House, the corporate office of now defunct Kingfisher Airlines which owes about Rs 7,000 crore to the lenders.
Last week a possession notice was pasted on gates of Kingfisher House in suburban Andheri. The property is valued at Rs 93 crore, as per estimates.
Read news in full12/08/13 PTI/Economic Times
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