The airlines is supposed to pay back Rs 69 crore as its dues for the amount collected during the month Jan and Feb.
"We will have to go for freezing of their accounts. We have to talk to the banks in the process of assessing the number of accounts they have," said official sources.
"There has been some delay due to hike in oil prices and other costs. We are effecting the payments by Monday. Everything will be normal then. There have been a major increase in costs including the hike in jet fuel prices, he said, adding "it is only a delay of about four days it is like making a mountain out of a molehill," said Jet's Senior Vice President (Finance) Mahalingam Shivkumar.