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Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails

Updated : April 22, 2019 07:31 AM IST

If the bidding process fails, lenders would favour a resolution for the debt-ridden Jet Airways outside the Insolvency and Bankruptcy Code (IBC) framework.
Under the Code, the National Company Law Tribunal's (NCLT) approval is required for initiating the process, wherein the resolution would be market-linked and time-bound.
Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails
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