Lenders to Jet Airways will open bids to sell the bankrupt airline on July 20, a...
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo
Last month, Jet’s creditors, led by State Bank of India , took the airline to the bankruptcy court after failing to agree on a revival plan. Since then, the court has directed the bankruptcy resolution firm Grant Thornton, which liaises with creditors on behalf of the benkrupt firm, to complete the recovery process within 90 days instead of the 180 days that is typically awarded.
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