Jet Airways Dragged To Court By Operational Creditors,Airline Owes ₹6.53 Crores To The Creditors

By | June 21, 2019

Mumbai : The Mumbai bench of the national Company Law Tribunal
Will hear by the petition operational creditors by the Jet Airways yesterday

The operational creditors Gaggar enterprise, shaman wheels has already dragged new define airline to the court

The hearing which schedule of 10th of June originally has a jun as known representative delta airlines which is present date of hearing

The airline Owes 53 lacs about gaggar enterprises and 6 crores to shaman wheels

IN SHORT

Jet Airways is being taken to the National Company Law Tribunal by its operational creditors. This is the second time this action has been taken as the no Jet representatives showed up on the first date. The airline owes the creditors a combine ₹6.53 crores.

 


He said that it is not possible to determine at this point whether the airline even is expected to wind up, because the minimum assets and liabilities are much more important than the assets. “The first situation for aviation is to be tested,” he demanded. “What is going to occur in this NCLT?

Jet Airways, established on 17 April, owes a group of companies led by the State Bank and now the airline, more than Rs 8,500 crore, whereas its debt is far bigger as a consequence of accumulated losses of Rs 13,000 crore and supplier dues of Rs 10,000 crore, with over Rs 3,000 crore salaries, respectively.

Kumar discussed the amended stressed asset resolution structure published by the Reserve Bank on 7 June and stated that all the accounts referred to by the NCLT under RBI’s guidance of 12 February will need reconsideration.

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