Deadline for completion of Jet Airways insolvency resolution to be extended beyond 21 August
The deadline for completion of Jet Airways (India) Ltd’s insolvency resolution process, which was earlier extended till 21 August due to the nationwide lockdown to contain the spread of the covid-19 virus, will be extended further due to the pandemic.
However, the resolution professional (RP) entrusted by the lenders of the airline to complete the insolvency process, hasn’t given a fresh deadline yet.
In a letter to the now defunct airline’s employees on Thursday — a day before the completion of the latest deadline for the insolvency process — the lenders-appointed Resolution Professional (RP) for the airline, Ashish Chhawchharia, said that it is difficult to predict the timeline for the completion of the insolvency process due to the ongoing covid-19 pandemic.
