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Valuer for HDIL owned aircraft

Proposal to appoint consultant for the valuation of 2 aircraft and a yacht owned by HDIL group firms
A PMC Bank depositor displays a placard during a protest outside the RBI building in Mumbai.

PTI   |   Mumbai   |   Published 27.12.19, 08:34 PM

The RBI-appointed administrator of scam-hit Punjab and Maharashtra Co-operative Bank has floated a request for proposal to appoint a consultant for the valuation of two aircraft and a yacht owned by HDIL group firms.

These assets belong to HDIL group firms owned by Rakesh Wadhawan and his son Sarang, the prime accused in the Rs 6,500-crore scam at the co-operative lender.

In November, a local court had allowed the co-operative bank’s administrator, JB Bhoria, to sell two aircraft— Dassault Falcon 200 and Challenger 300 — and one yacht (Ferreti 881 HT). Earlier this month, the administrator had invited bids from advisers/process co-ordinators to sell these three assets. 

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