NCLT directs CoC of Jet Airways to expedite decision on fresh EOIs

20 Dec 2019 Evaluate

The National Company Law Tribunal (NCLT) has directed the Committee of Creditors (CoC) of Jet Airways to expedite their decision on seeking fresh expression of interest (EoIs) in view of new interest being shown for the grounded airline.

The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI. The RP on December 17 had told the tribunal that until now two investors have shown interest in the airline.

Jet Airways (India) is India’s premier international airline, which operates flights to India and overseas.

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