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‘Narrow’ Forensic Audit Allows Lenders To Proceed With Jet Airways’ Restructuring Plan

SBI’s limited forensic audit mandate could allow Jet Airways’ debt to be restructured

The livery of an aircraft operated by Jet Airways India Ltd. is seen on the tail fin as the plane prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
The livery of an aircraft operated by Jet Airways India Ltd. is seen on the tail fin as the plane prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Lenders to Jet Airways Ltd. are hoping to approve a restructuring plan for the air carrier on Wednesday after a forensic audit did not throw up any adverse findings, two people in the know told BloombergQuint on condition of anonymity. However, the audit itself was conducted within a narrow scope that limited the extent of investigation, these people said.State Bank of India Ltd., as the lead lender in the case, had appointed consult...
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