Monday, February 25, 2019

SBI to NCLT for recovery of Jet Airways loan

Trouble for Jet Airways again. SBI is mulling moving National Company Law Tribunal as it feels the airline is running out of funds for operations, even as shareholders of the debt-laden carrier have approved a debt rejig plan.

Jet Airways has debt around Rs 8000 Cr and servicing the debt is a major problem for the airliner.

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