HDFC Bank on Thursday moved the NCLT to keep certain properties occupied by Jet Airways in Mumbai out of the insolvency proceedings of the airline. In its plea, the bank said these assets should not be made part of the corporate insolvency resolution process as it does not belong to the company.
Parts of it were initially mortgaged to the HDFC Bank and have since been conveyed in favour of the bank, legal representatives of HDFC bank told the court. The plea will be heard on Friday.
