Perhaps bankers didn’t pay attention to it in the case of Jet Airways. It has taken four months for bankers to begin the bidding process, too long for Jet Airways to stay afloat. All they had to do was refer Jet Airways to insolvency courts in the first instance. The fallacy in that argument is that Jet Airways has little value left even now. The irony of it all is that Jet Airways is likely to find itself in insolvency proceedings now.

Source: Mint April 22, 2019 06:22 UTC