HDFC wants NCLT to keep Jet Airways headquarters out of resolution plan
Housing Development Finance Corporation has moved the bankruptcy court claiming that a portion of a Jet Airways office in Mumbai was mortgaged to it, and so should not be among the assets being considered for sale as part of the airline’s debt-resolution process. The nation’s largest mortgage lender filed its application before the Mumbai bench of the National Company Law Tribunal (NCLT), which is hearing the grounded airline’s bankruptcy case. On Thursday, HDFC’s counsel argued that three floors of the building, Jet Airways Godrej BKC, in the business district of Bandra Kurla Complex, were mortgaged to it. The NCLT bench presided over by VP Singh and Ravikumar Duraisamy posted the case for further hearing on Friday.
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