The RBI appointed administrator for the PMC Bank has got the court's approval to sell two private planes and a yacht belonging to real estate firm HDIL embroiled in the scam. The order was issued on Wednesday by the Killa court.

The RBI appointed administrator will start the process for auction, which will include valuation of the assets and publishing advertisements in news paper. The administrator will initiate bid for the assets 14 days after publishing the ads.