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Future in limbo: Why the lenders finally moved NCLT against Jet Airways and what happens next

Updated : June 18, 2019 05:20 PM IST

Banks have lent the airline around Rs 8,500 crore and the liabilities, including payments to vendors, are more than Rs 25,000 crore.
Unlike asset-heavy manufacturing firms, taking a services company to the bankruptcy court would not leave much scope for recovery.
Future in limbo: Why the lenders finally moved NCLT against Jet Airways and what happens next

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