Ministry asks Jet’s auditors to clarify on results delay

August 21, 2018 09:36 pm | Updated 09:39 pm IST - New Delhi

FILE PHOTO: Jet Airways aircraft stand on tarmac at the domestic airport terminal in Mumbai, India September 9, 2009. REUTERS/Punit Paranjpe/File Photo

FILE PHOTO: Jet Airways aircraft stand on tarmac at the domestic airport terminal in Mumbai, India September 9, 2009. REUTERS/Punit Paranjpe/File Photo

The Ministry of Corporate Affairs is seeking clarifications from the auditors of Jet Airways on the airline deferring announcement of its June quarter results, sources said.

The board of crisis-hit Jet Airways, which is working on ways to reduce costs amid financial woes, on August 9 deferred the matter of consideration of the unaudited financial results for the June quarter.

The auditors are believed to have issues regarding the airline being a going concern, the sources added.

Markets regulator SEBI is also looking into the airline delaying the June quarter results.

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