The auction for Kingfisher House – once headquarters of Vijay Mallya's grounded airline – turned into disappointment with no approach from any bidders for its purchase. <br/><br/>According to official sources the 17-member consortium, led by State Bank of India, will now meet on March 19 to discuss the future course of action to review the reasons including the reserve price for the failure of auction.<br/><br/>The Sources informed that even before it started this morning, bankers and experts were skeptical of the auction as no bidder had approached SBI CAP Trustee, which conducted the e-auction, till March 14. <br/><br/>The reserve price for 17000 sq. ft Kingfisher House in Vile Parle area near domestic airport in Mumbai was set at Rs 150 crore. Lenders had taken over Kingfisher House in February last year in a bid to recover part of their dues totalling over Rs 9,000 crore.