Banks are just trying to fetch maximum value. They can always auction it at cheaper rates later!
But Kingfisher brand probably has got lots of bad reputation. Buyers will not only have to buy it but also advertise that its a completely new ownership.
What more? Even the tag "Good times" has been mocked around.
Did any one realize? "Acche din" may have been picked from "Good times".
"Acche din" to nahi aaye "Good times" bhi chala gaya!!
I guess its not about "Kingfisher" brand, it still exists in form of Soda water (Beer) as advertised on TV.
"Kingfisher Airlines" and tags associated with it were put for Auction which failed to fetch any bidder. I wonder why would anybody want to start new Airline and use old name of failed Airline anyways. Or why would any existing Airline company want to use this brand name for their service.
"Hamid Ansari, Chairman, Rajya Sabha does not accept the resignation of Vijay Mallya. Secretary General, Rajya Sabha writes to Sh. Mallya that his resignation letter does not conform to prescribed procedures and does not bear signature in original,"
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