The recovery cell of PMC Bank has put a luxurious Ferreti Yacht 881 and two aircrafts a Dassault Falcon and a Bombardier Challenger on sale.
By Varun Singh
PMC Bank will be selling a yacht and two aircrafts in August. It has come out with a public notice for sale.
The sale notice has been put up by recovery cell of PMC Bank. Where it wants to sell a Ferreti Yacht 881, a Dassault Falcon and a Bombardier Challenger.
The yacht is docked at Galle Harbour in Srilanka, while the aircrafts are parked at Mumbai Airport.
The bank has not fixed a rate for the sale of the yacht and the aircrafts. It wants prospective bidders to give 10% of the offer price as EMD to it.
A PMC Bank official who is dealing with the sale said, “We have put these assets on sale, but haven’t fixed the rate for them.”
The banks expects prospective bidders to give them offers at which they wish to buy the assets.
The bank official says that those interested in buying these assets will get them inspected by experts. “We will sell the assets to whosoever quotes the highest price,” said the official.
According to the public notice, issued by the bank, they are selling three assets by inviting sealed bids. The sale is in compliance of an order by the Additional Chief Metropolitan Magistrate, Esplanade, Mumbai.
The bids for the yacht shall be opened on August 17, 2020 at 2 pm, at the Bhandup west office of the recovery cell of PMC Bank.
While that of the two aircrafts shall be opened on August 21, 2020 at the same office. During both the events, the administrator appointed by RBI stall be present.
The successful bidder shall have to pay 25% of the sale price adjusting the EMD amount within two days.
After which he will be issued a letter of sale, post which within seven days the bidder will have to pay the rest 75% amount of the sale price.
Last year the bank ran into a major controversy. The withdrawal limits for its depositors were also limited. Directors of HDIL, a real estate firm also are in trouble because of their alleged connections to the PMC Bank Scam.
The scam runs into several thousands of crores and the authorities are investigating the matter.
Also Read: Home Buyers Of HDIL Projects Wary, Post PMC Bank Scam
