{"id":293826,"date":"2019-09-26T11:06:47","date_gmt":"2019-09-26T05:36:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293826"},"modified":"2019-09-26T11:06:47","modified_gmt":"2019-09-26T05:36:47","slug":"jet-airways-insolvency-proceedings-disburse-rs-63-crore-in-15-days-nclt-tells-creditors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-insolvency-proceedings-disburse-rs-63-crore-in-15-days-nclt-tells-creditors\/","title":{"rendered":"Jet Airways insolvency proceedings: Disburse Rs 63 crore in 15 days, NCLT tells creditors"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Wednesday directed the financial creditors of Jet Airways to disburse Rs 63 crore worth of interim funds in 15 days.<\/p>\n<p>The interim funding was approved by the members of the committee of creditors (CoC) of Jet Airways on July 19 to safeguard the airline\u2019s assets and run the insolvency process.<\/p>\n<p>Passing an oral order, a two-member Mumbai bench of the tribunal noted that the resolution professional (RP) is facing \u201ctremendous hardship\u201d due to unavailability of funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Wednesday directed the financial creditors of Jet Airways to disburse Rs 63 crore worth of interim funds in 15 days. The interim funding was approved by the members of the committee of creditors (CoC) of Jet Airways on July 19 to safeguard the airline\u2019s assets and run the insolvency process. Passing an oral order, a two-member Mumbai bench of the tribunal noted that the resolution professional (RP) is facing \u201ctremendous hardship\u201d due to unavailability of funds.<\/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-293826","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\/293826","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=293826"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293826\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}