{"id":278920,"date":"2019-06-18T06:46:12","date_gmt":"2019-06-18T06:46:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=278920"},"modified":"2019-06-18T06:46:12","modified_gmt":"2019-06-18T06:46:12","slug":"jet-airways-insolvency-process-to-commence","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-insolvency-process-to-commence\/","title":{"rendered":"Jet Airways insolvency process to commence"},"content":{"rendered":"<p>MUMBAI: After failing in their efforts to find a buyer for Jet Airways, lenders have decided to start insolvency proceedings against the grounded airline. SBI had received only a conditional bid, which was subject to lenders arranging for regulatory exemption on an open offer.<\/p>\n<p>Another reason why the lenders decided to go for insolvency proceedings is that Etihad expects banks to write off most of their loans to Jet. While a write-off is inevitable given that assets are inadequate, lenders worry that a haircut larger than the liquidation value might be seen as favouring a business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: After failing in their efforts to find a buyer for Jet Airways, lenders have decided to start insolvency proceedings against the grounded airline. SBI had received only a conditional bid, which was subject to lenders arranging for regulatory exemption on an open offer. Another reason why the lenders decided to go for insolvency proceedings is that Etihad expects banks to write off most of their loans to Jet. While a write-off is inevitable given that assets are inadequate, lenders worry that a haircut larger than the liquidation value might be seen as favouring a business.<\/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":[220,130,137],"tags":[],"class_list":["post-278920","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278920","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=278920"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/278920\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=278920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=278920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=278920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}