The interim resolution professional (IRP) for Jet Airways has issued a public notice inviting claims from all creditors to the airline to be submitted to him before July 4, 2019.
On June 20, Jet was admitted to the NCLT for bankruptcy proceedings. “The creditors of Jet Airways are hereby called upon to submit their claims with proof on or before July 4 to the interim resolution professional. Financial creditors shall submit their claims with proof by electronic means only,” Ashish Chhawchharia, partner, Grant Thornton, who has been appointed as the IRP for Jet, said.
“All other creditors shall submit their claims with proof in person, by post or by electronic means, “the notice added. The airline owes over ₹8,000 crore to a consortium of 26 banks led by State Bank of India (SBI), and over ₹13,000 crore to vendors, passengers and employees.
SBI moves NCLAT
Meanwhile, the SBI has filed a caveat at the NCLAT, appealing that the lender should be heard if a party challenges the decision of the NCLT in the case. The move is also due to an intervention application moved by the Netherlands-based operational creditor, which was rejected by the Mumbai bench of NCLT citing lack of cross-border jurisdiction.
