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.<br /><br />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.