Business / State-Run Banks Continue With 180-Day Deadline To Resolve Jet Airways

NDTV : Apr 08, 2019, 10:46 AM

Public sector banks, led by State Bank of India, have given themselves 180 days to resolve the Jet Airways account even though the time limit has become irrelevant post Supreme Court order that quashed an earlier Reserve Bank of India (RBI) circular on debt resolution. Beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, immediately initiate bankruptcy against Jet