Saturday, August 24, 2019
facebook
Business

Posted at: Jul 20, 2019, 7:02 PM; last updated: Jul 20, 2019, 7:02 PM (IST)

Initial bids deadline for Jet Airways to end on August 3

Initial bids deadline for Jet Airways to end on August 3
File photo

New Delhi, July 20

The insolvency professional managing the affairs of Jet Airways has sought initial bids for the bankrupt airline till August 3.

The once-storied carrier shuttered its operations on April 17 and lenders moved the National Company Law Tribunal (NCLT) to recover dues in June.

Under the insolvency proceedings, Expression of Interest (EoI) for the airline can be submitted till August 3 and the list of prospective applicants would be issued on August 6, according to a public notice.

 The final applicants would be asked to submit their resolution plans by September 5.

 As per the notice, resolution plan would be submitted to the NCLT for approval on September 20.

 Claims worth Rs 24,887 crore have been received by the insolvency resolution professional. PTI

COMMENTS

All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On