Published on November 19, 2019
Synergy Group, the sole potential bidder for Jet Airways, will get an extension only till December 16 to submit a final bid and a resolution plan. The South American company had asked to extend the deadline to February 2020.
The Resolution Professional will have to seek an extension from the NCLT for another 90 days as the 180-day deadline ends on December 16.
Sources in the know told BusinessLine that during the Committee of Creditors (CoC) meeting, the lenders had verbally agreed to extend the deadline to December 16 as opposed to Synergy’s reque