According to a report, eighteen months after it was grounded, Jet Airways is all set for a comeback.
The meeting took place in the backdrop of two suitors, showing interest in the grounded airline but failing to submit a resolution plan for bid submissions on Monday
Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.
The grounded Jet Airways owes over Rs 8,000 crore to its lenders. Besides, the airline is estimated to have a total liability of about Rs 25,000 crore which includes dues of operational creditors.
The Committee of Creditors (CoC) met on Thursday, August 1 and considered to extend the deadline for submission of Expression of Interest for the airline on hopes of receiving bids from four bidders
Shares of Jet Airways surged as much as 9 per cent to Rs 319.80 apiece on BSE after a TV report said that airline's promoter Naresh Goyal has agreed to sell his controlling stake in the company.