Jet Airways crisis: SBI says reports on moving NCLT 'speculative' | Editorji
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Jet Airways crisis: SBI says reports on moving NCLT 'speculative'

Feb 25, 2019 15:58 IST

Key lender to Jet Airways, State Bank of India on Monday said that media reports of the bank taking the debt-laden carrier to National Company Law Tribunal or NCLT are 'speculative'. SBI clarified that no decision had been taken yet. The clarification follows media reports stating that SBI was mulling moving the NCLT to recover loans from Jet. Reports also said the bank felt the carrier was running out of funds for operations.