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Jet Airways shares fall more than 50% after lenders move NCLT

Updated : June 18, 2019 02:49 PM IST

Shares of cash-strapped Jet Airways slumped over 54 percent intra-day after sources told CNBC TV18 that State Bank of India filed insolvency petition against the airline and proposed Ashish Chhawchharia of advisory firm Grant Thornton as Resolution Professional. 
The SBI also proposed Ashish Chhawchharia of advisory firm Grant Thornton for the vital role of interim resolution professional (RP) for Jet Airways.
The banks had to take the NCLT route after no acceptable offers were received for the beleaguered airlines.
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