Committee of creditors to finalise investor hunt process for Jet Airways
MUMBAI: The committee of creditors (CoC) for bankrupt airline Jet AirwaysNSE -4.97 % is likely to finalise details to start the process to find it a new investor on Tuesday, said a person close to the development.
The committee of over 25 creditors, including overseas FIs such as Mashreq, apart from Indian lenders, will have its first meeting on Tuesday with the interim resolution professional (RP), appointed by the bankruptcy court.
Ashish Chhawchharia of Grant Thornton was appointed as the RP. “The court has asked the RP to fast track the resolution process. In line with that, he plans to call for expressions of interest by end of the upcoming week,” the person told ET on Sunday.
