{"id":278819,"date":"2019-06-18T05:05:28","date_gmt":"2019-06-18T05:05:28","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278819"},"modified":"2019-06-18T05:05:28","modified_gmt":"2019-06-18T05:05:28","slug":"jet-airways-tanks-10-as-lenders-move-nclt-to-initiate-ibc-proceedings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-tanks-10-as-lenders-move-nclt-to-initiate-ibc-proceedings\/","title":{"rendered":"Jet Airways tanks 10% as lenders move NCLT to initiate IBC proceedings"},"content":{"rendered":"<p>Shares of Jet Airways crashed 10 per cent in intra-day deals on Tuesday, after State Bank of India (SBI) &#8211; led lenders\u2019 consortium moved National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the airline.<\/p>\n<p>At 9:37 am, the share of debt-laden airline was trading at Rs 61.5 apiece, down 9.96 per cent. In comparison, the S&amp;P BSE Sensex was trading 0.14 per cent higher. The stock has tanked 53 per cent thus far in June, as compared to 1 per cent decline in the S&amp;P BSE Sensex.<\/p>\n<p>The lenders, post a meeting held on Monday, decided to move the tribunal after none of the offers from the potential bidders could materialise. There were hopes that Mumbai-based Hinduja Group could team up with Abu Dhabi-based Etihad Airlines to collectively take up stake in the airline. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Jet Airways crashed 10 per cent in intra-day deals on Tuesday, after State Bank of India (SBI) &#8211; led lenders\u2019 consortium moved National Company Law Tribunal (NCLT) to initiate insolvency proceedings against the airline. At 9:37 am, the share of debt-laden airline was trading at Rs 61.5 apiece, down 9.96 per cent. In comparison, the S&amp;P BSE Sensex was trading 0.14 per cent higher. The stock has tanked 53 per cent thus far in June, as compared to 1 per cent decline in the S&amp;P BSE Sensex. The lenders, post a meeting held on Monday, decided to move [&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":[135,167,130],"tags":[],"class_list":["post-278819","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\/278819","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=278819"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278819\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}