{"id":433871,"date":"2021-09-03T11:25:27","date_gmt":"2021-09-03T05:55:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433871"},"modified":"2021-09-03T11:25:43","modified_gmt":"2021-09-03T05:55:43","slug":"pnb-asks-nclat-to-stay-nod-to-jet-airways-revival-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pnb-asks-nclat-to-stay-nod-to-jet-airways-revival-plan\/","title":{"rendered":"PNB asks NCLAT to stay nod to Jet Airways&#8217; revival plan"},"content":{"rendered":"<p>Punjab National Bank (PNB NSE 1.34 %) moved the appellate bankruptcy court on Thursday, seeking a stay on the approval to Jet Airways NSE 4.95 %\u2019 revival plan, potentially hampering efforts to restart operations at what was once India\u2019s largest airline.<\/p>\n<p>In its petition to the National Company Law Appellate Tribunal (NCLAT), the state-owned lender claimed that the resolution professional (RP) \u2014 the executive appointed to manage the company during the bankruptcy process \u2014 arbitrarily cut its claim after approving it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Punjab National Bank (PNB NSE 1.34 %) moved the appellate bankruptcy court on Thursday, seeking a stay on the approval to Jet Airways NSE 4.95 %\u2019 revival plan, potentially hampering efforts to restart operations at what was once India\u2019s largest airline. In its petition to the National Company Law Appellate Tribunal (NCLAT), the state-owned lender claimed that the resolution professional (RP) \u2014 the executive appointed to manage the company during the bankruptcy process \u2014 arbitrarily cut its claim after approving it.<\/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":[194,130,136],"tags":[],"class_list":["post-433871","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433871","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=433871"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433871\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}