The NCLT posted the matter for hearing on July 15.
The scrip plummeted 40.78 per cent to close at Rs 40.45 on the BSE. During the day, it tanked 52.78 per cent to hit an all-time low of Rs 32.25.
Jet Airways losing its valuable possessions as well as the terms set by lenders have dispirited potential investors, believe industry analysts.
An official response from SBI spokesperson is awaited on the decision to start bankruptcy proceedings against the airline.
In its plea before the appellate tribunal, ICICI Bank submitted that there has been no progress in its petition filed before the NCLT Allahabad in last nine months.
The sugar factory employees staged a protest at the factory in Bodhan demanding that the Telangana State government should take steps to have the NCLT judgment scrapped.
Srei Multiple Asset Investment Trust Vision India Fund, which emerged as the highest bidder for DCHL, agreed to pay Rs 408.6 crore as against the total outstanding of Rs 8,335 crore.
The proposed merger, which will create a mega tower company in India, will also require approval from the Telecom Department.
The bank claimed to be direct lenders and said as a syndicate of four banks, it had lent Rs 1,400 crore to RITL.
The state-owned gas utility, which is an operational creditor of Videocon, said that it should be included in the list of creditors.