Under consideration, Jet plea to delay payment for BKC plot until September

Mumbai: Jet Airways could get yet get another extension for a payment towards a Bandra Kurla Complex (BKC) plot it bid for two years ago.
Having already extended the deadline twice, the Mumbai Metropolitan Region Development Authority (MMRDA) is in the process of approving a proposal to give it time until September to pay the Rs 826 crore due. “We have put a proposal to the MMRDA and are awaiting their response,” said a Jet spokesperson. The last extension lapsed seven months ago.
As per rules, a winning bidder for a BKC plot has to pay up half the amount within a month of receiving the allotment letter and the rest over the next two months.
27/04/10 Shashank Shekhar/Shalini Nair/Indian Express

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Categories: Jet Airways Apr 2010