NCLT asks Synergy Group to show its bonafide intent to revive Jet Airways

Omkar Gokhale November 19 2019
jet airways

The Mumbai Bench of National Company Law Tribunal (NCLT) yesterday directed the Synergy Group to appear before the Tribunal and show its bonafide intent with respect to the bid for grounded Jet Airways.

In this regard, the Tribunal directed the Resolution Professional (RP) to persuade the Synergy Group to present its plan and intent during the hearing slated after two weeks.

The Synergy Group, a significant stakeholder in the Columbian Avianca Airlines, is currently the only party participating in . . .

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