{"id":268122,"date":"2019-04-05T05:41:27","date_gmt":"2019-04-05T05:41:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=268122"},"modified":"2019-04-05T05:41:27","modified_gmt":"2019-04-05T05:41:27","slug":"banks-to-invite-bids-for-jet-airways-stake-sale-on-6-april","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/banks-to-invite-bids-for-jet-airways-stake-sale-on-6-april\/","title":{"rendered":"Banks to invite bids for Jet Airways stake sale on 6 April"},"content":{"rendered":"<p>New Delhi: Lenders to Jet Airways (India) Ltd on Thursday said bids for a stake sale in the cash-strapped airline will be invited on Saturday and that the Jet Airways stake sale will be completed in a time-bound manner. However, in the absence of satisfactory bids, lenders may explore initiating bankruptcy proceedings against Jet Airways.<\/p>\n<p>The statement clears the uncertainty over Jet Airways&#8217; bailout plan after the Supreme Court on Tuesday struck down Reserve Bank of India&#8217;s (RBI) 12 February 2018 circular for bad loan resolution.<\/p>\n<p>Jet Airways\u2019 lenders intend to pursue the bank-led bailout plan for a stake sale in the company under the present legal and regulatory framework and intend to invite expressions of interest, they said in a statement. The bailout plan will lead to lenders becoming the majority shareholders of Jet Airways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Lenders to Jet Airways (India) Ltd on Thursday said bids for a stake sale in the cash-strapped airline will be invited on Saturday and that the Jet Airways stake sale will be completed in a time-bound manner. However, in the absence of satisfactory bids, lenders may explore initiating bankruptcy proceedings against Jet Airways. The statement clears the uncertainty over Jet Airways&#8217; bailout plan after the Supreme Court on Tuesday struck down Reserve Bank of India&#8217;s (RBI) 12 February 2018 circular for bad loan resolution. Jet Airways\u2019 lenders intend to pursue the bank-led bailout plan for a stake sale [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-268122","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268122","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=268122"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/268122\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=268122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=268122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=268122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}