As Jet stares at shutdown, board makes last-ditch effort for funds

“The management said there is no money to continue operations. It was told to make one last and final effort for getting the promised Rs 1,500-crore emergency funding from lenders. If even after that no funds come, Dube has been authorized to decide to decide on shutting down operations anytime this evening,” said a person in the know.

from Times of India http://bit.ly/2Im1TWp