Jet Airways (India) Ltd., admitted for insolvency resolution after being grounded, owes financial creditors Rs 8,463 crore. Banks and financial institutions had submitted claims worth Rs 10,231 crore, according to admitted claims disclosed by resolution professional Ashish Chhawchharia on the company’s website. Of these, Rs 337 crore worth of claims were rejected and Rs 1,431-crore claims are still under verification. State Bank of India with an exposure worth over Rs 1,600 crore is the largest lender in the consortium, followed by Yes Bank Ltd. and HSBC Middle East with exposure of over Rs 1,000 crore each. Punjab National Bank has admitted claims worth Rs 963 crore. IDBI Bank Ltd., Canara Bank and ICICI Bank Ltd. all have admitted claims worth over Rs 500 crore.
18/07/19 Viswathan Nair/Bloomberg Quint
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18/07/19 Viswathan Nair/Bloomberg Quint
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