‘Jet Airways crisis should not land in NCLT’

Our Bureau New Delhi | Updated on March 19, 2019 Published on March 19, 2019

The crisis of Jet Airways should be resolved outside the National Company Law Tribunal, a senior government official suggested here.

According to the BSE website and under ‘Promoter and Promoter Group)’ category, Naresh Kumar Goyal, a non-resident Indian, holds 51 per cent (over 5.79 crore shares) while his wife Anita Naresh Goyal holds 1,000 shares. Over 17 lakh shares have been pledged so far. “The promoter should pledge their shares and funds mobilised should be infused in the airline,” the official said on conditions of anonymity. Further, he added that if the airline does not do well even after the funds infusion, lenders can sell the pledged shares and recover their money.

The official also said that taking the airline to the NCLT is not a good idea. “This will not help the airline, rather it will make the things more complicated,” he said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on March 19, 2019
This article is closed for comments.
Please Email the Editor