Mumbai: The final end game for cash-strapped Kingfisher Airlines has begun. Lenders to the troubled airline will file the case in the debt recovery tribunal (DRT) and serve the SARFAESI notice this week, according to sources close to the development.
Following this, bankers will start the process of actually stripping down the airline's assets and selling them to recover their dues.
The consortium will now start the process of selling the physical assets of the company which includes the office spaces in Mumbai and a villa in Goa. Banks have already started selling the pledged shares of United Spirits as well as Kingfisher Airlines.
23/04/13 Simran Gill/Economic Times
