Insolvency appellate tribunal NCLAT on Tuesday upheld the resolution plan of grounded carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium.
The NCLAT bench has directed the Jet Airways monitoring committee to complete the transfer of ownership within 90 days.
Besides, it has also directed the lenders of Jet Airways to adjust the Rs 150 crore paid by the consortium as performance bank guarantee.
NCLAT upholds the transfer of ownership of Jet Airways to Jalan Kalrock Consortium techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
Insolvency appellate tribunal NCLAT on Tuesday upheld the resolution plan of grounded carrier Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium.
The NCLAT bench has directed the Jet Airways monitoring committee to complete the transfer of ownership within 90 days.
India Business News: The revival package worth Rs 4,783 crore proposed by the Jalan-Kalrock consortium for bankrupt Jet Airways seemed to be reaching an impasse, as the Su