The auction process for the headquarters of the defunct Kingfisher Airlines Ltd has failed as no bids were received on Thursday, two people in the know confirmed.

The property was being auctioned through an e-auction process conducted by SBICAP Trustee Company Ltd on Thursday afternoon. The base price for this multi-storey building, with a built up area of over 17,000 sq.ft,was set at Rs.150 crore.