Three months after they failed to sell Kingfisher House, erstwhile headquarters of the defunct Kingfisher Airlines, the lenders have once again put up the property for auction at a lower reserve price of Rs 135 crore so as to part-recover their loans. The 17-bank consortium, led by State Bank of India, had in March tried to sell this flagship property of the liquor baron Vijay Mallya in a bid to recover the dues.

Lenders had put on sale the airlines' trademarks which included it's famous tagline Fly the Good Times, the Kingfisher logo, Flying Models, Funliner, Fly Kingfisher and Flying Bird Device.

The Kingfisher brand was valued at over Rs 4,000 crore by Grant Thornton when the airline was at its peak. The lenders may also review the reserve price of the brand Kingfisher.

In May, lenders after a long legal battle had taken possession of Airlines' prime assets - Kingfisher Villa situated in Condolim, Goa. Banks are currently in the process of revaluation of the property to sell it.

Last week, the Service Tax Department which had attached Mallay's personal jet in December 2013 for want of tax dues of over Rs 800 crore, had tried to auction a luxury plane owned by Mallya, which also failed.

The department had fixed Rs 152 crore as the reserve price but the sole bidder, a UAE-based aviation support company Alna Aero Distributional Finance Holdings, offered a paltry Rs 1.09 crore.