SBI-led consortium picks Grant Thornton as RP for Jet Airways

MUMBAI: Lenders to Jet Airways (India) Ltd have named Ashish Chhawchharia of Grant Thornton India as the resolution professional (RP) for the airline’s bankruptcy proceedings, three people aware of the matter said. Law firm Cyril Amarchand Mangaldas will represent the interests of the lenders’ consortium.

The consortium led by State Bank of India (SBI) on Monday decided to start insolvency proceedings against the debt-laden airline which last flew on 17 April.

Chhawchharia is partner and head of restructuring services at Grant Thornton, according to his LinkedIn profile, which also states that he is an Insolvency Professional registered with the Insolvency and Bankruptcy Board of India (IBBI).