Jet Airways' creditors to meet for 9th time on Thursday; revised deadline for bids ended on 10 March

Jet Airways stopped flying in April 2019 after it ran out of cash.

|Mar 11, 2020, 10:45:07 IST

New Delhi: The committee of creditors (CoC) of grounded Jet Airways will meet on 12 March, according to a regulatory filing.The meeting has been scheduled as the revised deadline for submission of bids for the airline, which is undergoing an insolvency process, ended on Tuesday.It could not be immediately ascertained whether any bids have been received.The ninth meeting of the CoC is scheduled to be held on 12 March, the regulatory filing on Tuesday said.Last month, the deadline for submission of bids was extended to 10 March.Jet Airways stopped flying in April 2019 after it ran out of cash. It owes more than Rs 8,000 crore to banks.

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