It's official: Jet Airways to go under insolvency

35°
Deal Major
desiman

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...

1 Comment  |  
2 Dimers
  • Sort By
Deal Cadet Deal Cadet
Link Copied

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.

replyuser
Click here to reply
Reply