New Delhi: The Mumbai bench of National Company Law Tribunal (NCLT) on Wednesday directed the Committee of Creditors (CoC) of Jet Airways (India) Ltd to disburse interim funding within the next 15 days, the proceeds from which will be utilized for aircraft maintenance and to pay staff processing claims made by various creditors of the grounded airline, a person with direct knowledge of the matter told Mint.
“The NCLT has given CoC another 15 days to make the payout,” the person said requesting anonymity.
As things stand, only the State Bank of India (SBI), which has the highest exposure towards Jet Airway’s debt, has made a payout of about ₹10 crore for interim funding, while other lenders are yet to make their contribution, the person added.
