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'DRT on cards if Jet's stake sale process fails'
Updated On: 21 April, 2019 06:02 PM IST | | IANS
The DRT facilitates the recovery of debt involving banks and other financial institutions with their customers
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Even as Jet Airway's lenders are confident of selling their stake in the temporarily grounded airline, they have prepared a contingency plan which includes taking the company to Debt Recovery Tribunal (DRT), sources said.
Industry insiders told IANS in Mumbai that all efforts are on to see that the stake sale process goes through as planned and is successfully implemented, however, DRT remains as "the last option".
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