“Lenders led by State Bank of India have been taking efforts to find a resolution for Jet Airways outside IBC but in view of the above, lenders have decided to seek a resolution within the IBC process," Jet Airways said in a statement. Moreover, two operational creditors — Shaman Wheels and Gaggar Enterprises — had earlier moved the NCLT. The tribunal has posted the matter for admission on June 20.
Jet airways has been grounded since April 17. Although it was initially termed as temporary grounding, however, it never flew again.