Jet's resolution process on the fast track; shares jump 9%

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Jet Airways jumped nearly 9 per cent in morning trade on Monday even as media reports suggested that the insolvency
plan ahead, the report added
In their order, the judges halved the deadline for the resolution process to 90 days from the usual 180 days, saying this was a matter of
Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees. Jet Shares
have been witnessing strong gains since last Thursday when it surged as much as 93 per cent on BSE
"Fundamentally weak Jet Airways witnessed spine-chilling movements on both directions last week due to demand-supply mismatch, greed and
Securities - StockNote. Around 10:05 am, the stock traded at Rs 76.60, up 5.73 per cent, on BSE