The CoC, which consisted of lenders of the now-defunct airline, met on November 19 to discuss the South American company's request.
The Committee of Creditors (CoC) of Jet Airways may give Synergy Group another four weeks to submit its bid, CNBC-TV18 reported quoting sources.
Moneycontrol had earlier reported that Synergy had requested for an extension of the deadline by three or four weeks.
The CoC, which consisted of lenders of the now-defunct airline, met on November 19 to discuss the South American company's request. It will vote on the proposal to allow an extension to Synergy for bid submission by November 21.
Banks may now ask the company, which is the sole contendor, to submit its bid for the airline by December 16, CNBC-TV18 reported.The resolution professional may also seek a 90-day extension for resolution of Jet Airways under the National Company Law Tribunal (NCLT).Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.