Nine Kingfisher trademarks put up for sale

April 07, 2014 20:48

Kingfisher lenders today put on block nine trademarks of the grounded carrier to recover dues running into crores of rupees.

The trademarks put on on the block include Fly Kingfisher and Fly Kingfisher (Label), both registered with KFA and each having a validity of up to January 10, 2017. Flying Models registered with United Breweries (airline promoter) and valid up to August 6, 2014 is also put up on sale.

The others are Fly the Good Times and the Funliner (registered with KFA and valid up to August 6, 2014); the Kingfisher (Label) registered with UB and valid up to November 1, 2014; and the Flying Bird Device, registered with UB and valid up to November 5, 2014, SBI Caps Trustees said in a public notice.

SBI Caps has been tasked by a 17-member consortium of lenders, led by SBI, to recover their dues running into over Rs 7,500 crore in principal alone from Kingfisher Airlines, promoted by Vjay Mallya.

"A notice has been issued under Rule 5 of the Security Interest (Enforcement) Rules of 2002, for estimation of the market value of trademarks pertaining to Kingfisher Airlines and for identifying interested parties," it said.

The crippled carrier's other debt includes over Rs 13,000 crore in accumulated losses and unpaid salaries, taxes, and vendor dues.

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