Mumbai: Banks will continue to sell pledged shares of KingfisherB airline and invoke all other securities till they get back the dues, SBI Chairman Pratip Chaudhuri said today.
State Bank of India is the leader of consortium of lenders to grounded airline Kingfisher.
"We have given instructions to recover and enforce all the securities. Our intention is to sell everything...all means of recovery (will be employed)...nothing would escape. Till such time as we will get back our dues in full, we will press our full recourse on all the securities that we possess," he told reporters here.
It may be noted that airline promoters had unsuccessfully asked the Bombay High Court to prevent the banks from selling pledged shares.
16/04/13 PTI/Economic Times
