Tuesday, February 26, 2019

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No decision made on taking Jet to NCLT: SBI

By  February 26, 2019  No comments
The SBI said the reports that it was weighing taking the debt-laden Jet Airways to an insolvency tribunal to recoup loans were "speculative". The statement comes days after Jet, following months of crisis-talks to plug a Rs 8,500 crore ($1.2 billion) funding hole, agreed a draft plan to sell a majority stake to a consortium led by the SBI at Re 1.

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