Jet lenders to seek fresh bids

The lenders of Jet Airways, which stopped operations in April, will invite expression of interest (EoI) for the airline by the end of this week.

At the meeting of the committee of creditors on Tuesday, attended by resolution professional Ashish Chhauchharia of Grant Thornton, it was decided the EoI would be issued by July 20, or early next week. The deadline for the interested parties to submit their bids is likely to be in the first week of August.

The meeting comes after a two-member bench of the National Company Law Tribunal (NCLT) directed the RP to finish the resolution process for the airline in three months. The RP has received claims from financial and operational creditors, apart from the employees. The amount of claims accepted by the RP will be announced over the next few days.