State Bank of India (NSEI:SBIN) could not sell the Kingfisher properties. The auction of f Kingfisher Villa in Goa has failed to attract any buyers. The property was being eyed by leading hotel chains according to local reports.

SBI said that at least half a dozen buyers had turned for inspection of the property a few weeks before the auction. But despite that, nobody turned up on the actual auction day. The property has been fiercely contested by United Breweries (Holdings) Limited (BSE:507458) in Indian courts.

On August 4, 2016 banks had put up the Kingfisher House in Mumbai's Ville Parle for auction at a reserve price of INR 1.35 billion. The banks attempt to auction off Kingfisher's trademarks at a reserve price of INR 3.30 billion was also a failure.