Grounded Jet Airways to transfer Mumbai office space lease for ₹370 crore

New Delhi/ Mumbai, Aug 27 (PTI) Jet Airways, which is undergoing liquidation, on Wednesday said it has executed an agreement to transfer the lease of its office space in Mumbai to an entity for a little over ₹370 crore.

The proposed lease transfer, subject to approval from the Mumbai Metropolitan Region Development Authority (MMRDA), is being conducted under the provisions of the Insolvency and Bankruptcy Code (IBC) and Liquidation Regulations, according to a regulatory filing.