NEW DELHI: After a failed attempt to sell Kingfisher House, erstwhile headquarters of Vijay Mallya’s defunct carrier, lenders will auction the trademarks of the airline, including ‘Kingfisher’ logo and once-famous ‘Fly the Good Times’ tagline on Saturday.
Meanwhile the Debt Recovery Tribunal (DRT) is likely to take up in the coming days three other applications apart from State Bank of India’s for securing the first right on the $75million severance package agreed upon between Vijay Mallya and Diageo Plc.
On April 26, the Supreme Court had asked the DRT to “expeditiously decide” within two months, the pleas of banks and financial institutions for recovery of their loans.