SBI values Kingfisher House at ~Rs. 100 cr

Kingfisher Airlines owes approximately Rs. 7,600 crore to a consortium of 17 banks

May 19, 2015 05:05 IST India Infoline News Service

The State Bank of India has valued the Kingfisher House at about Rs. 100 crore. The Kingfisher Airlines's Goa Villa is also valued at around Rs. 100 crore, according to a media report.

The collective KFA properties are valued at around Rs. 200 crore, the report further added.

Kingfisher Airlines owes approximately Rs. 7,600 crore to a consortium of 17 banks.

Last month, SBI took possession of Kingfisher House, the Mumbai office of the grounded airline KFA, which defaulted on loans from a State Bank of India-led consortium.

The 17,000 sq ft property near the domestic terminal was pledged for the loan. KFA suspended operations in October 2012.

The possession of Kingfisher House was ordered by a metropolitan court on February 12. The plea for possession was filed by SBI Cap Trustee Company in 2013.

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