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NCLT sets 90-day deadline for Jet Airways bankruptcy resolution

Jet stopped operations on April 17 leaving over 14,000 employees in the lurch

Topics
Jet Airways Crisis  |  Nclt  |  Sbi

Subrata Panda & Aneesh Phadnis  |  Mumbai 



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The National Company Law Tribunal (NCLT) on Thursday admitted the insolvency petition moved by State Bank of India (SBI) — under section 7 of the Insolvency and Bankruptcy Code (IBC) — against Jet Airways, and instructed that the resolution process be wrapped up in 90 days as the matter is of national importance.

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First Published: Fri, June 21 2019. 01:35 IST

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