<p class="title">Grounded Jet Airways's Committee of Creditors (CoC) on Tuesday decided to extend the deadline for submission of bids to March 10 as a new entity has evinced interest in the airline, according to a source.</p>.<p class="bodytext">The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday.</p>.<p class="bodytext">"A team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways," the source said.</p>.<p class="bodytext">Against this backdrop, the CoC extended the deadline for submission of bids to March 10.</p>.<p class="bodytext">Ashish Chhawchharia, the resolution professional for Jet Airways, was not available for comments.</p>.<p class="bodytext">Set up in 2011, the Far East Development Fund is a state finance development institution which warrants a flexible approach to projects' structuring and financing, as per its Linkedin profile. Mumbai-headquartered Enso Group has reportedly been roped in by the fund to find an Indian partner to form a consortium that would later put in a formal bid. It has interests in diverse sectors, including oil and gas, metal mining, healthcare, infrastructure and real estate, as per its website.</p>.<p class="bodytext">Earlier, South American conglomerate Synergy Group and and New Delhi-based Prudent ARC were given time to submit resolution plan. Reportedly, they failed to meet the deadline.</p>.<p class="bodytext">The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure.</p>
<p class="title">Grounded Jet Airways's Committee of Creditors (CoC) on Tuesday decided to extend the deadline for submission of bids to March 10 as a new entity has evinced interest in the airline, according to a source.</p>.<p class="bodytext">The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday.</p>.<p class="bodytext">"A team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways," the source said.</p>.<p class="bodytext">Against this backdrop, the CoC extended the deadline for submission of bids to March 10.</p>.<p class="bodytext">Ashish Chhawchharia, the resolution professional for Jet Airways, was not available for comments.</p>.<p class="bodytext">Set up in 2011, the Far East Development Fund is a state finance development institution which warrants a flexible approach to projects' structuring and financing, as per its Linkedin profile. Mumbai-headquartered Enso Group has reportedly been roped in by the fund to find an Indian partner to form a consortium that would later put in a formal bid. It has interests in diverse sectors, including oil and gas, metal mining, healthcare, infrastructure and real estate, as per its website.</p>.<p class="bodytext">Earlier, South American conglomerate Synergy Group and and New Delhi-based Prudent ARC were given time to submit resolution plan. Reportedly, they failed to meet the deadline.</p>.<p class="bodytext">The cash-strapped airline, which was grounded in April 2019, owes more than Rs 8,000 crore to banks, with those from the public sector having significant exposure.</p>