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NCLT Extends Jet Airways' Insolvency Resolution by 90 Days as Bidders Seek Time - (23 Dec 2019)

INSOLVENCY

National Company Law Tribunal has approved extension of Jet Airways insolvency resolution period by 90 days. The Committee of Creditors sought extension of corporate insolvency resolution process of Jet Airways from the Mumbai bench of the NCLT in view of South America's Synergy Group wanting more time for due diligence and two new interests being shown for the grounded airline.

Tags : NCLT   JET AIRWAYS  

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