Jet’s office in Mumbai’s BKC put up for sale, reserve price Rs 490 cr
As a part of the resolution process, the Jet Airways office in Bandra Kurla Complex area of Mumbai has been put up for sale by the resolution professional (RP) of the insolvent company. Lenders to the beleaguered airline company in a meeting held in April had decided to sell the immovable properties of the airline company and distribute the proceeds. The bankruptcy tribunal on June 11 approved this proposal of the lenders.
The RP has put out an auction notice and bid criteria for the said property. The reserve price for the property has been kept at Rs 490 crore and the auction will take place on June 26. Intending bidders have to pay an earnest money deposit of Rs 25 crore, which will be refunded to unsuccessful bidders.
