Jet Airways’ resolution professional calls for fresh bids
New Delhi: The insolvency resolution professional (IRP) of Jet Airways Ltd on Monday called for fresh bids. The sixth meeting of Jet Airways’ Committee of Creditors (CoC), held on 17 December, had passed the resolution to seek fresh expression of interest (EoIs).
On Friday, the Mumbai bench of National Company Law Tribunal (NCLT) had approved extension of Jet Airways’ insolvency resolution period by 90 days. The NCLT also directed CoC to expedite their decision on seeking fresh EoIs after two new investors evinced interest in the grounded airline.
The creditors’ committee had sought extension of corporate insolvency resolution process of the debt laden airline from NCLT in view of South America’s Synergy Group wanting more time for due diligence and two new interests being shown for the grounded airline.
