MUMBAI: The fate of Jet Airways, grounded since April 17, may be decided on Monday with lenders meeting to finalise how a resolution will be possible under the June 7 Reserve Bank of India (RBI) mandate on stressed assets, three bankers familiar with the matter said. Lenders will need to take a call on whether a rescue of the carrier is still possible or it will have to be taken to bankruptcy court. “There is a meeting among lenders on Monday to review what could be a possible resolution for Jet Airways,” said one of the people. “We will also discuss whether bankruptcy may be the most viable solution as no serious proposal has been received yet.” Lenders are also expected to consider a proposal to pay more than `200 crore (about $30 million) to the US Exim Bank and take charge of six Jet AirwaysNSE -13.29 % planes, sources said. But they’re unlikely to opt for such a plan, they added.
