The National Company Law Tribunal (NCLT) on Wednesday directed senior civil aviation ministry officials to appear before it during the next hearing of the Jet Airways insolvency case. The direction came after the counsel of the resolution professional (RP) of the beleaguered airline told the court that the Colombian Synergy Group, the only entity interested in Jet Airways, may not be able to present a resolution plan by the deadline of December 16, as it is seeking further clarity on Jet’s erstwhile slots.
Earlier this week, FE reported that the committee of creditors (CoC) of Jet Airways will meet next week to consider another extension to the Synergy Group for presenting a plan to revive the airline. In September, the group had met civil aviation ministry officials seeking assurance on the slots which were earlier allotted to Jet Airways, but were re-allocated to other airlines after it was grounded. The Synergy Group, led by Bolivian-born entrepreneur German Efromovich, is particularly
