The resolution process of grounded airline company Jet Airways has reached the final stages as the two shortlisted entities keen on reviving the airline are expected to come up with their final offers by early next week.
The final plan from the two entities will be put to vote by the end of this month or early October, sources aware of the development said. In the committee of creditors meet held earlier this week, lenders emphasised on getting better commercial terms and plans, which should be in compliance with insolvency and bankruptcy provisions. “The plans are being ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
RECOMMENDED FOR YOU