Bankruptcy court, National Company Law Tribunal, decided to admit an insolvency petition against Jet Airways filed by its creditors in an attempt to salvage some of their ownership. The insolvency process will allow lenders led by SBI to sell the company as a whole or sell its assets and bring to an end to weeks of uncertainty over the airline's future.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WSZhC8
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