Aconsortium of banks has taken possession of Kingfisher Airlines Ltd’s headquarters at Vile Parle in Mumbai as a part of its efforts at recovering loans from the grounded airline, Mint reported. Two bankers confirmed that the lenders have taken over “Kingfisher House” near Mumbai’s domestic airport as part of the second phase of recovering loans from the Vijay Mallya-promoted airline and will start proceedings to sell the office. They did not want to be identified.

A senior airline executive, requesting anonymity, said the banks on Saturday had send “a caution notice” to Kingfisher Airlines, barring transactions on the office, adding that “they have not restricted entry to staffers or sealed the property.” 

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