Two new entities show interest in bidding for Jet Airways
The Committee of Creditors (CoC) of the defunct Jet Airways has agreed ‘in-principle’ to invite fresh Expression of Interest (EoI) as two new entities have shown an early interest in bidding for the airline.
Resolution Professional for the airline, Ashish Chhawchharia, informed the National Company Law Tribunal (NCLT) about the development on Tuesday.
According to sources, one Indian entity backed by a UK-based investor, and a West Asian fund have shown an early interest in the company.
What this means is that South America’s Synergy Group, which was the sole potential bidder to submit the Expression of Interest, will have to put in a fresh EoI during the next round. Chhawchharia informed the NCLT that the company had submitted a draft business plan.
