Housing Development and Finance Corporation (HDFC) has put on sale Jet Airways’ 52,775-sq ft office space on the fourth floor of Jet Airways Godrej BKC in Mumbai at a reserve price of Rs 245 crore. The sale process was initiated after the now-grounded airline failed to repay Rs 415 crore of dues, in addition to interest and other charges, owed to the mortgage financier.
In these circumstances, notice is hereby given to the public in general and in particular to the borrower that the below described Immovable Property mortgaged to HDFC Limited, the physical possession of which has been taken by the receiver appointed by HDFC Limited on April 16, 2019, will be sold by HDFC Limited in enforcement of the mortgage created in its favour, on an “as is where is basis”, “as is what is basis”, “whatever there is basis” and “without recourse basis” by way of public auction, on May 15, 2019, for realisation of HDFC Limited’s dues together with further interest, additional interest and rests along with liquidated damages, costs, charges, etc,” HDFC said in the notice.
