Ministry of Corporate Affairs is seeking clarifications from the auditors of Jet Airways on the airline deferring announcement of its June quarter results, sources said.

The board of crisis-hit Jet Airways — which is working on ways to reduce costs amid financial woes — on August 9 deferred the matter of consideration of the unaudited financial results for the June quarter.

Sources said the ministry is seeking clarifications from the auditors of Jet Airways on delay in announcement of results.

The auditors are believed to have issues regarding the airline being a going concern, they added. In accounting parlance, the going concern assumption means that the company would remain in business for the foreseeable future without being forced to halt operations and liquidate its assets.

Markets regulator Sebi is also looking into the airline delaying the June quarter results.

MCA seeks clarifications from Jet Airways auditors on deferring results announcement