Monday, August 27, 2018

Corp Affairs ministry seeks details from Jet Airways on 'certain issues'

New Delhi: The corporate affairs ministry has sought details from crisis-hit Jet Airways about certain issues as well as from its auditors on the postponement of quarterly results, a senior official said.
The full-service carrier, whose board is scheduled to consider the financial results for the June quarter on Monday, is exploring ways to reduce costs amid financial woes.
A senior ministry official said the Registrar of Companies (RoC) has asked for details from the airline about certain issues and that the process is going on.
Specific details could not be immediately ascertained.
Query sent to a Jet Airways spokesperson on whether the airline has received queries from the RoC regarding financial issues and delay in announcement of quarterly results remained unanswered.
Information has also been sought from the airline's auditors against the backdrop of the airline deferring the announcement of June quarter results, he added.
26/08/18 PTI/Business Standard