With operations halted, Jet Airways (India) Ltd has exposed itself to the possibility of service providers and workers dragging the beleaguered airline to bankruptcy tribunals over unpaid dues.
A revival of the carrier may also become difficult if an investor is not finalized within a week or two, according to bankruptcy experts.
Lenders led by the State Bank of India (SBI) have earlier said that they will not approach the National Company Law Tribunal (NCLT). However, operational creditors such as service providers and aircraft lessors, as well as workers, can potentially take Jet Airways to the bankruptcy tribunal.
