It's official: Jet Airways to go under insolvency

It's official: Jet Airways to go under insolvency

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It’s official: Jet Airways to go under insolvency

A consortium of 26 bankers had moved the NCLT to declare Jet Airways bankrupt to recover their dues of over Rs 8,500 crore after the 25-year old airline went under in April.

https://www.indiatoday.in/business/story/jet-ai...

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It is not going to be bankrupt rightaway.
It will undergo resolution process for 270 days.. then if the resolution process is not fruitful it will be diluted with immediate effect.

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