Jet Airways IRP invites creditors to submit claims to recover unpaid dues

25 June, 2019

Jet Airways interim resolution professional (IRP) Ashish Chhawchharia reportedly issued a notice inviting Jet Airways creditors "to submit their claims with proof" to recover unpaid dues from the airline by 04-Jul-2019 (Economic Times/Live Mint/Financial Express/The Hindu BusinessLine/New Indian Express/ZeeBusiness, 24-Jun-2019). The airline reportedly owes more than INR85 billion (USD1.2 billion) to a consortium of 26 lenders led by State Bank of India and more than INR130 billion (USD1.9 billion) to hundreds of vendors and approximately 23,000 employees.