SBI pushes to take Jet Airways to NCLT: Report | Editorji
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SBI pushes to take Jet Airways to NCLT: Report

Feb 25, 2019 10:23 IST

Shareholders of Jet Airways have approved the conversion of loan into shares even as the crisis-hit carrier tries to find a solution for it's debt. The move assumes significance as Jet is looking to restructure debt as well as raise fresh funds. Reports also indicate state-run lender SBI is mulling moving the National Company Law Tribunal or NCLT as it feels the airline is now running out of funds for operations.

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