Mumbai: Grounded Jet Airways’ lenders plan to get all bids legally verified before beginning negotiations with interested parties. According to sources, lenders have a limited number of options to recover their outstanding dues worth Rs 8,400 crore. They might also try to stitch a deal involving two bidding parties.
“We will first get all (solicited and unsolicited) bids legally verified and after that we will invite the selected parties on to the negotiating table,” a senior banker said.
“We can also explore a way to bring two bidding parties together, whereby both will work with lenders.” Another source involved in the matter said: “If the process to find a suitable bidder fails, then the other options will be DRT (Debt Recovery Tribunal) and NCLT.”
When asked about the sudden exodus of the company’s top management and lenders view on the same, the senior banker said: “It is for the owners of the airline to decide about appointments. We are not the part of any controlling entity.” On Tuesday, an exodus of senior management personnel took place, as the airline’s CEO, CFO and Company Secretary resigned.