Resolution Applicants get more time to submit final offer for Jet

Lenders had earlier asked the two parties for final offers the previous week, but post the meeting on Monday, both consortia have now been asked for their final offers by end of this week

Lenders to grounded airline company Jet Airways have yet again extended the deadline for the two shortlisted parties to revise their bids and come up with final offers. Earlier, lenders had asked the two parties to give their final offers the previous week, but post the meeting held on Monday, both the consortiums have now been asked to present their final offers by the end of this week. 

Time is running out for the beleaguered airline company as the corporate insolvency resolution process (CIRP) is supposed to end on October 21. Hence, the Resolution Professional (RP) has to present a