Jet Airways IRP unable to release financial results for Q1FY2019/2020

19 August, 2019

Jet Airways interim resolution professional (IRP) Ashish Chhawchharia stated (16-Aug-2019) the airline's financial results for Q1FY2019/2020 "have not been prepared/finalised till date" and cannot be released "within the prescribed timelines". The IRP noted "Directors, CEO, CFO, CS including other top management personal had resigned from" Jet Airways prior to the commencement of the Corporate Insolvency Resolution Process and the IRP was not provided access to relevant data until mid Jul-2019. [more - original PR]