Jet Airways annual normal assembly adjourned on account of lack of quorum

Jet Airways annual normal assembly adjourned on account of lack of quorum

The annual normal assembly of Jet Airways scheduled to be held on Tuesday was adjourned on account of lack of quorum, in keeping with a regulatory submitting.

The corporate would intimate the additional discover of the adjourned assembly individually, it added.

Jet Airways suspended operations in April 2019 and is at the moment present process an insolvency decision course of. The affairs of the complete service service are being managed by decision skilled Ashish Chhawchharia.

“… we hereby inform you that the assembly to be held on Tuesday, 08 June 2021 at 12:00 Midday (IST) by means of two-way Video Conferencing (‘VC’) facility or Different Audio-Visible Means (‘OAVM’) was adjourned on account of need of the quorum,” the submitting stated on Tuesday.

As per a submitting in Could, the assembly on Tuesday was to think about and undertake the corporate’s audited standalone monetary statements for the monetary yr ended March 31, 2020 along with the studies of auditors.

Moreover, the appointment of statutory auditor was to be mentioned.

The corporate was not in a position to put together its monetary outcomes on time as administrators, CEO, CFO and numerous different prime administration private had resigned earlier than the decision course of started in June 2019.

Jet Airways, which grew to become a scheduled airline in 1995, suspended operations on account of monetary misery on April 17, 2019.

It had began as an air taxi operator on Could 5, 1993, with a fleet of 4 leased Boeing 737-300 plane. The airline acquired listed on home bourses in February 2005.

(Solely the headline and film of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)

Pricey Reader,

Enterprise Commonplace has at all times strived exhausting to offer up-to-date info and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how one can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to maintaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we want your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your assist by means of extra subscriptions will help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Commonplace.

Digital Editor