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Good outcome from creditors-company negotiations better than insolvency, says govt official on Jet Airways

Updated : March 25, 2019 01:16 PM IST

"I think creditors and the debtor are in discussion. That is the best process," Corporate Affairs Secretary Injeti Srinivas said.
He was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC).
The cash-strapped airline, which has been operating for over 25 years, is looking to restructure its debt, estimated to be more than Rs 8,000 crore, as well as raise fresh funds.
Good outcome from creditors-company negotiations better than insolvency, says govt official on Jet Airways

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