Home / Companies / News /  Jet Airways’ creditors extend date for submission of resolution plan to 16 Dec

NEW DELHI : The committee of creditors (CoC) of Jet Airways (India) Ltd on Wednesday said that it has extended the date for the submission of resolution plan for the airline to 16 December, Ashish Chhawchharia said in a statement.

At a meeting of the CoC held on 19 November, it was decided to further file for extension of the corporate insolvency resolution process by another 90 days, Chhawchharia added.

Jet Airways was grounded on 18 April due to an acute fund crunch.

On 20 June, the Mumbai bench of the National Company Law Tribunal (NCLT) admitted Jet Airways under the Insolvency and Bankruptcy Code (IBC) after lenders referred it to the bankruptcy tribunal.

A consortium of 26 bankers, led by the State Bank of India, had approached the tribunal to recover dues of over 8,500 crore.

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