Lenders to cash-strapped Jet Airways likely to rework resolution plan

Jet had also made commitments to its lessors and vendors for clearing of dues - this has been delayed as funds are yet to flow in

The lenders to debt-hit Jet Airways might have to rework the earlier resolution plan, which would have given them a combined 50 per cent stake in the airline for a rupee. 

The plan was framed under the Reserve Bank of India’s February 12, 2018 circular, set aside by the Supreme Court (SC) on Tuesday.

Jet did not officially react to the SC judgment. Sources say it is taking legal opinion on the implications. State Bank of India Chairman Rajnish Kumar said the lenders were examining the judgment to assess the impact.