Jet crisis: Consortium bidders to submit individual solvency certificates
Bidders in a consortium that bids for acquiring stake in cash-strapped Jet Airways have to furnish individual solvency certificates, according to SBI Capital Markets.
“While all soft copies of the EOIs (Expressions of Interest) are required to be submitted by the EOI due date, the hard copies may be submitted by April 14, 2019,” it said in a set of clarifications issued regarding the bid document.
According to the EOI document issued on Monday, April 10 is the last date for submission of initial bids.
Jet Airways is grappling with acute financial crunch and the SBI-led consortium of domestic lenders are implementing a debt resolution plan.
