ADVERTISEMENT
BQ Exclusive: Jet Airways’ Bankers May Move DRT If Bidding Process Fails
Jet Airways lenders are likely to shun insolvency and consider another route to recover their dues.
18 Apr 2019, 07:18 PM IST
Lenders to Jet Airways Ltd. will likely stay away from insolvency proceedings if no buyer emerges for the airline before the deadline ends on May 10, said two people directly familiar with the matter.Instead, lenders may approach the debt recovery tribunal (DRT) in an attempt to recover at least part of the Rs 10,000 crore in debt, these people told BloombergQuint while speaking on condition of anonymity. State Bank of India and Punj...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Minimal Ad
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT