Jet Airways RP files plea seeking 90 days extension for bids from NCLT
Jet Airways’ resolution professional on Friday filed an application in National Company Law Tribunal (NCLT) seeking 90 days extension for the corporate insolvency resolution process of the defunct carrier.
On Thursday, the lenders to Jet Airways decided to seek an extension after it failed to attract any potential bidder.
The tribunal, comprising Bhaskara Pantula Mohan and Rajesh Sharma, will hear the matter next week.
The committee of creditors (CoC) had on February 18 set the new deadline of March 10 for submission of bids for the grounded airline after South American conglomerate Synergy Group and New Delhi-based Prudent ARC failed to meet the deadline.
