{"id":266215,"date":"2019-03-26T04:58:05","date_gmt":"2019-03-26T04:58:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266215"},"modified":"2019-03-26T04:58:05","modified_gmt":"2019-03-26T04:58:05","slug":"good-outcome-from-jet-lenders-talks-better-than-insolvency-govt-official","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/good-outcome-from-jet-lenders-talks-better-than-insolvency-govt-official\/","title":{"rendered":"Good outcome from Jet, lenders&#8217; talks better than insolvency: Govt official"},"content":{"rendered":"<p>As Jet Airways battles acute financial woes, a senior government official Monday said a &#8220;good outcome&#8221; from the negotiations between the creditors and the company would be better than moving for proceedings under the insolvency law. <\/p>\n<p>&#8220;I think creditors and the debtor are in discussion. That is the best process,&#8221; Corporate Affairs Secretary Injeti Srinivas said. <\/p>\n<p>He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC). <\/p>\n<p>&#8220;If there is a good outcome from the negotiations between the creditors and the corporate debtor, then that is better than dragging into insolvency&#8230; but if that (insolvency) is only option left at that stage, then bankers will take a call,&#8221; he noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Jet Airways battles acute financial woes, a senior government official Monday said a &#8220;good outcome&#8221; from the negotiations between the creditors and the company would be better than moving for proceedings under the insolvency law. &#8220;I think creditors and the debtor are in discussion. That is the best process,&#8221; Corporate Affairs Secretary Injeti Srinivas said. He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC). &#8220;If there is a good outcome from the negotiations between the creditors and the corporate debtor, then that is better [&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":[135,167,130],"tags":[],"class_list":["post-266215","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266215","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=266215"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266215\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}