 "Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.")
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
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