The trade union has also warned that the government shouldn't pressurise PSBs to bail out private entities like ILF&S and Jet Airways

Naresh Goyal-owned Jetair Pvt Ltd (JPL) had a cash reserve of Rs 260 crore as on December 2018. JPL's stake was divested in UPS Jetair Express in October 2018 and around Rs 232 crore in cash was raised.

The bankers are well aware that if they don't give out the money, the Jet board has recommended stopping operations

Goyal's ouster from the bidding process comes despite SBI Chairman Rajnish Kumar saying that \"nobody is barred from bidding or taking over the airline\" as per the rules.

Some of Jet Airways' lenders want founder Naresh Goyal to pledge more of his shares as collateral for advancing further loans. The airline's management is due to meet today to consider next steps

Goyal's expression of interest in regaining the control of the airline is yet to be legally scrutinised by the lenders, but his interest leads to three disparate possibilities

SBI chairman Rajnish Kumar has already made it clear that \"nobody is barred from bidding or taking over the airline\" as per the rules.