
CA Ronak Shah
June 12, 2025 at 07:10 AM
*BoB Emerges as Top Bidder for Jet Airways’ BKC Office Space*
✅ BoB Wins Bid
Bank of Baroda has emerged as the highest bidder with a ₹370 crore offer for Jet Airways’ 83,000 sq ft office space in Godrej BKC, Mumbai, under the IBC auction.
✅ Brookfield’s ROFR
Brookfield Asset Management, which holds the right of first refusal (ROFR), has 15 days to match BoB’s bid and is likely to exercise this right.
✅ Background & Valuation
The office was listed with a reserve price of ₹335.24 crore. Brookfield already owns two other floors in the same building, purchased in 2020 for ₹490 crore.
✅ Legal & Sale Conditions
The property was earlier sealed due to unpaid dues but was de-sealed by NCLT. It is being sold on an “as is where is” basis, with all costs to be borne by the buyer.