Banks give up on Jet's revival, send it to NCLT

State Bank of India-led consortium of lenders on Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal as they have not yet received any concrete proposal for the airline. The decision was taken after a meeting of the lenders. The airline, which was grounded on April 17, owes Rs 8.74 cr to Shaman Wheels and Rs 53 lakh to Gaggar.

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