The Supreme Court has stayed a Bombay high court order on the sale of assets owned by HDIL for repaying its dues to Punjab and Maharashtra Cooperative Bank (PMC).
The Reserve Bank of India (RBI) had moved the Supreme Court against the Bombay high court order.
Earlier, a court here has permitted the RBI-appointed administrator for the PMC Bank to sell two airplanes and a yacht belonging to the HDIL group firms owned by Rakesh Wadhawan and his son Sarang.
The administrator had moved the court, seeking its direction to sell the movable assets attached by the probe agencies in connection with the PMC scam.
The Enforcement Directorate (ED), which is probing the scam along with the EOW, has attached the movable properties of the Wadhawans.
