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Jet Airways: Insolvency administrator invites resolution


Last month the National Company Law Tribunal agreed to hear an insolvency case and once Jet Airways is declared bankrupt the chances of any meaningful recovery by the banks diminish.

The carrier, once the nation’s biggest by market value, hasn’t flown since April after running out of cash. (File photo)

The insolvency administrator of Jet Airways India Ltd. is seeking resolution proposals for the grounded airline in a move that may give hope to creditors including State Bank of India.

Any expression of interest has to be submitted by Aug. 3, Ashish Chhawchharia, resolution professional, said in a ...


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