NCLT calls meeting with Jet Airways suitor

In AVIATION

The dedicated bankruptcy court has asked the only potential suitor for Jet Airways, Synergy Group, to appear before the bench to show its seriousness and bonafides to revive the grounded carrier.

On Monday, the Mumbai bench of the National Company Law Tribunal (NCLT) directed the resolution professional (RP) to communicate with the South American firm Synergy Group to appear before the bench. The tribunal has also made the ministry of civil aviation and DGCA party to the case and sought their response regarding the availability of the slots to fly between destinations.

“Synergy Group, which owns several airlines in South America is conducting its due diligence and they are the only serious bidder, they are constantly in touch with us and seeking more time to evaluate their options,” said Ashish Chhawchharia, RP of Jet Airways. Read More

You may also read!

Concerned over situation in Kashmir, EU envoy says ‘important to restore normalcy’

As the Union Territory of Jammu and Kashmir remains under the communication and movement lockdown, the European Union has

Read More...

Imran Khan asks international community to press India to lift Kashmir restrictions

Pakistan Prime Minister Imran Khan on Tuesday appealed to the international community to press India to lift the restrictions

Read More...

84 infiltration attempts in Jammu and Kashmir since August 2019

As many as 84 infiltration attempts were made along the Line of Control (LoC) in Jammu and Kashmir and

Read More...

Mobile Sliding Menu