2019-halted Jet Airways, in insolvency, delays Q1 financial results; monitoring committee to meet.
Indian airline Jet Airways, halted since 2019 due to financial issues, faces a delay in declaring financial results for Mar'24. Undergoing insolvency resolution, the monitoring committee will meet to consider and adopt the results. The approved resolution plan, led by Jalan and Fritsch, was approved by NCLT in June '21 but not yet implemented, and financial results for Sept and Dec '23 were not adopted.
May 30, 2024
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