Mumbai: The resolution professional for
Jet
Airways, which was admitted
to the
NCLT last week for bankruptcy, has invited
claims from all
creditors
to the grounded airline.
The airline owes over Rs 8,500 crore
to a consortium of 26 banks led
by State Bank, and over Rs 13,000 crore
to the tens of hundreds of vendors and around 23,000-odd employees.
"The
creditors of
Jet
Airways are hereby called upon
to
submit their
claims with proof on or before
July
4,
to the interim resolution professional. Financial
creditors shall
submit their
claims with proof
by electronic means only," resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
All other
creditors shall
submit their
claims with proof in person,
by post or
by electronic means, it added.
The lenders, who had been owning the airline since March 25 with 51 percent stake, had on June 17 decided
to take the airline, which stopped flying on April 17,
to the NCLT as they could not find a buyer.
Even the only preliminary bid from the Etihad-Hinduja consortium reportedly wanted the banks
to take 90-95 percent haircut and also exemptions from open offer norms, which would not have been possible for the lenders
to commit.
On June 20, the National Company Law Tribunal admitted the insolvency petition filed
by State Bank of India against the airline.
On that day, the tribunal comprising VP Singh and Ravikumar Duraisamy had given a verbal direction
to the RP
to try and finish the resolution process in three months even though the law allows six months, as "the matter is of national importance."