{"id":261286,"date":"2019-02-26T07:17:15","date_gmt":"2019-02-26T07:17:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261286"},"modified":"2019-02-26T07:27:31","modified_gmt":"2019-02-26T07:27:31","slug":"no-decision-taken-on-moving-nclt-against-jet-airways-says-state-bank","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-decision-taken-on-moving-nclt-against-jet-airways-says-state-bank\/","title":{"rendered":"No decision taken on moving NCLT against Jet Airways, says State Bank"},"content":{"rendered":"<p>State Bank of India (SBI) on Monday termed as \u201ctotally speculative\u201d reports that it has taken a decision to refer Jet Airways to the National Company Law Tribunal (NCLT) to recover debt.<\/p>\n<p>In fact, SBI, as the lead bank of a consortium of banks, is understood to be looking at sanctioning a Rs. 500-crore working capital loan to the debt-laden carrier.<\/p>\n<p>\u201cNo such decision (to approach the NCLT) has been taken,\u201d SBI said in a statement, adding that the media reports were \u201cspeculative\u201d.<\/p>\n<p>Jet Airways and Abu Dhabi-based Etihad Airways, in a joint statement, emphasised that Jet\u2019s principal shareholders, including Etihad, and key financial stakeholders are working towards the finalisation and subsequent implementation of a Bank-led Provisional Resolution Plan (BLPRP).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI) on Monday termed as \u201ctotally speculative\u201d reports that it has taken a decision to refer Jet Airways to the National Company Law Tribunal (NCLT) to recover debt. In fact, SBI, as the lead bank of a consortium of banks, is understood to be looking at sanctioning a Rs. 500-crore working capital loan to the debt-laden carrier. \u201cNo such decision (to approach the NCLT) has been taken,\u201d SBI said in a statement, adding that the media reports were \u201cspeculative\u201d. Jet Airways and Abu Dhabi-based Etihad Airways, in a joint statement, emphasised that Jet\u2019s principal shareholders, including [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-261286","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261286"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261286\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}