Jet crisis: SBI moves intervention plea against HDFC claim on BKC property

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 August 8.

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 Rs 400 crore loan.

Meanwhile, the tribunal approved Ashish Chhawchharia of Grant Thornton as the resolution professional