{"id":279266,"date":"2019-06-21T05:59:26","date_gmt":"2019-06-21T05:59:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279266"},"modified":"2019-06-21T05:59:26","modified_gmt":"2019-06-21T05:59:26","slug":"nclt-admits-sbis-insolvency-plea-appoints-interim-rp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-admits-sbis-insolvency-plea-appoints-interim-rp\/","title":{"rendered":"NCLT admits SBI\u2019s insolvency plea, appoints interim RP"},"content":{"rendered":"<p>Mumbai: India\u2019s bankruptcy court on Thursday admitted an insolvency petition by Jet Airways\u2019 top lender State Bank of India, paving the way for a formal resolution process for the distressed airline. <\/p>\n<p>On Thursday, the National Company Law Tribunal presided over by judges VP Singh and Ravikumar Duraisamy also approved an insolvency resolution professional (IRP) to oversee the insolvency proceedings. <\/p>\n<p>Judge Singh said that while an RP usually has 180 days to complete the process, it would have to be completed in three months in Jet\u2019s case, as it is a matter \u201cof national importance\u201d. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: India\u2019s bankruptcy court on Thursday admitted an insolvency petition by Jet Airways\u2019 top lender State Bank of India, paving the way for a formal resolution process for the distressed airline. On Thursday, the National Company Law Tribunal presided over by judges VP Singh and Ravikumar Duraisamy also approved an insolvency resolution professional (IRP) to oversee the insolvency proceedings. Judge Singh said that while an RP usually has 180 days to complete the process, it would have to be completed in three months in Jet\u2019s case, as it is a matter \u201cof national importance\u201d.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-279266","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279266","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=279266"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279266\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}