Prudent Arc Limited has asked for an extension to submit a binding bid, Synergy Group Corp. may be out of the race. Jet Airways (India) Limited (BSE:532617) has not received any concrete resolution plan from potential bidders Synergy Group and Prudent ARC ahead of the February 17, 2020 deadline. Committee of Creditors (CoC) will discuss whether to give an extension or liquidate the assets of Jet Airways. According to two people in the know, Prudent ARC has asked for one more month. Another person added that “Prudent has been in constant communication with the airline’s legal representatives and lenders. They have been given access to the data room and they look serious.” However, the question remains whether the CoC will approve a second extension. “Jet has been given enough leeway to keep it a going concern. it is unlikely to get an extension,” said a source. Synergy may opt out. Synergy Group may not submit a binding bid as it still does not have clarity on Jet Airways slots, particularly, the slots at Heathrow airport.