South American conglomerate Synergy Group has informed the Mumbai Bench of National Company Law Tribunal (NCLT) that it is interested in investing in Jet Airways, subject to certain conditions.
The investment would be in exchange for a stake in the defunct carrier.
The tribunal also asked the lenders to expedite the EoI process, even as it posted the case to January 8 for next hearing.
Synergy Group intends to “float a new company that is free of all legacy liabilities of the erstwhile Jet Airways”, Synergy Group’s Executive Vice-President, Michael Welch, informed the tribunal on Thursday.
