JetAirways: SBI moves intervention plea against HDFC claim on BKC building

MUMBAI: State Bank of India, the lead lender to the bankrupt Jet Airways, Wednesday moved an intervention application against mortgage lender HDFC’s plea claiming rights over a portion of the airline’s BKC property.

The National Company Law of Tribunal (NCLT) adjourned the matter for 8 August.

On July 4, the mortgage lender HDFC had moved the NCLT seeking to keep the airline’s BKC property out of the bankruptcy process saying three floors of the BKC property are mortgaged with it as collateral for over ₹400 crore loan.