NCLT To Synergy: Prove Your Seriousness

Synergy is interested only if the airline comes with all its assets, says the RP

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The Mumbai branch of National Company Law Tribunal (NCLT) on Monday directed South America’s Synergy Group to make a representation before December 3 if it wanted to make a serious bid for Jet Airways. This comes after Synergy sought more time to place its bid for the Indian airline.

The Resolution Professional (RP) for Jet Airways, Ashish Chhawchharia, was directed to include Director General of Civil Aviation (DGCA) and Ministry of Civil Aviation (MOCA) as parties to the ongoing resolution process.

During the hearing held on Monday, the RP informed the NCLT that Synergy Group was the sole potential bidder and had asked for an extension to submit their bid. The last date to submit a final bid was November 15.