{"id":279252,"date":"2019-06-21T05:56:37","date_gmt":"2019-06-21T05:56:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279252"},"modified":"2019-06-21T05:56:37","modified_gmt":"2019-06-21T05:56:37","slug":"jet-airways-referred-to-nclt-after-exhausting-every-other-option-rajnish-kumar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-referred-to-nclt-after-exhausting-every-other-option-rajnish-kumar\/","title":{"rendered":"Jet Airways referred to NCLT after exhausting every other option: Rajnish Kumar"},"content":{"rendered":"<p>Lenders referred Jet Airways to the National Company Law Tribunal (NCLT) only after exhausting all options to revive the cash-strapped airline, said State Bank of India (SBI) chairman Rajnish Kumar.<\/p>\n<p>Kumar was responding to shareholders at the bank&#8217;s 64th annual general meeting on Thursday. The response came after several shareholders raised concern on the resolution process of the airline and on why it was referred to NCLT despite lenders&#8217; efforts to settle it outside the purview of the insolvency tribunal.<\/p>\n<p>Kumar assured shareholders that the bank has set aside more money, as provisions for Jet Airways, than what is required under Reserve Bank of India&#8217;s (RBI) norms. &#8220;We will set aside more provisions as an when it is required.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders referred Jet Airways to the National Company Law Tribunal (NCLT) only after exhausting all options to revive the cash-strapped airline, said State Bank of India (SBI) chairman Rajnish Kumar. Kumar was responding to shareholders at the bank&#8217;s 64th annual general meeting on Thursday. The response came after several shareholders raised concern on the resolution process of the airline and on why it was referred to NCLT despite lenders&#8217; efforts to settle it outside the purview of the insolvency tribunal. Kumar assured shareholders that the bank has set aside more money, as provisions for Jet Airways, than what is required [&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-279252","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\/279252","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=279252"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279252\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}