Mumbai: After 6 months of banks making an effort to salvage Jet Airways Ltd, the troubled airline has landed at the National Company Law Tribunal (NCLT). Two operational creditors, Shaman Wheels Pvt Ltd and Gaggar Enterprises Pvt Ltd, have filed two separate insolvency pleas against the Naresh Goyal-founded Jet Airways at NCLT, Mumbai, for recovery of their dues. The NCLT on Monday adjourned the matter to 13 June and asked the creditors to serve notice to Jet Airways for dues. Shaman Wheels, a vendor for trucks and trailers for the airline, has dues of ₹6.28 crore pending from Jet Airways. As Jet Airways has been referred to the NCLT under bankruptcy resolution lenders may recover only a fraction of the ₹8,400 crore the airline owes them.

Source: Mint June 10, 2019 04:16 UTC