The Killa court on Wednesday gave permission to RBI appointed administrator of PMC bank to sell two private planes and one yacht owned by HDIL groups of companies. The court in its order mentioned that the money of the sale has to be credited to the loan account of HDIL and group companies.

Following the orders from the court, now RBI appointed administrator of PMC bank has to go through the auction process, which includes valuation of the assets and advertisement has to be given in papers and a time period of 14 days has to be given to initiate a bid for the assets.