Business
Hinduja Group still interested in Jet Airways after approach by govt, banks; resolution professional invites fresh EoI for defunct airline
Earlier in June, the Hinduja Group had backed out of bidding for the Naresh Goyal-owned airline as they felt it was too risky for them to get involved due to the then ongoing government investigations and the insolvency pleas submitted by operational creditors at the NCLT,
Business
Jet Airways stake sale: Will grounded airline be left with just one bidder? Russian fund Treasury RA Creator may be disqualified, says report
Russian fund Treasury RA Creator did not provide enough information about itself to Jet Airways’ insolvency resolution professional
Business
Govt sees little hope of a bidder emerging for debt-laden Jet Airways; could face bankruptcy proceedings: Report
Jet’s borrowings are small compared to those of other big defaulters such as Videocon and some steel companies, so lenders likely can wait for some more time before commencing bankruptcy proceedings,