During the hearing today, senior advocate Ravishankar Prasad appearing for JKC argued that they will deposit Rs. 100 crore by August 31, another Rs. 100 crore by September 30. According to JKC, there is a bank guarantee that is already lying in favour of the CoC, which they could encash so that it totals to Rs. 350 crore.
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Two of them were pulled out and sent to the hospital, where doctors declared them dead, while one body was pulled out late evening on Tuesday, police said
Ace Aviation Limited had earlier approached the National Company Law Tribunal (NCLT) in Mumbai, which refused to entertain the plea to avoid multiplicity of proceedings and in the interest of all stakeholders
CoC of grounded airline Jet Airways told the NCLAT that they may choose not to pursue the appeal against transfer of the airline s ownership to Jalan Kalrock Consortium if it pays Rs 350 crore towards fulfilling condition precedents