The 17 lenders to the grounded Kingfisher Airlines, led by State Bank of India, on Saturday decided to auction assets of the defunct carrier in their latest bid to recover part of their dues of about Rs 8,000 crore, which have not been serviced since January 2013.
The assets to be e-auctioned on December 7 include the equipment and movable assets of the grounded airline and not bigger properties like the Kingfisher House in Mumbai and the Kingfisher Villa in Goa. Both have been taken over by the lenders in recent past.
In a notice issued here on Saturday, SBICap Trustee, which is a security trustee for the lenders consortium to the airline, said it would e-auction the cars, towing machines, forklifts, tractors, fire extinguishers, and iron ladders, among others, of the carrier under their possession.