Jet Airways lenders, led by the State Bank of India, have moved the Supreme Court challenging the NCLAT order upholding the resolution plan proposed by the Jalan-Kalrock Consortium.
The consortium offered Rs 24.74 crore against admitted claims of over Rs 166 crore for the company. Before the tribunals approval, the lenders of the company also approved the plan with 100% voting in favour of this revival plan.
India Business News: MUMBAI: The resolution plan approved by NCLT for Lavasa envisages the delivery of fully constructed properties to the homebuyers, within a period of f.
A revised plan was submitted after the tribunal had directed lenders of Lavasa Corp to consider an equitable distribution of proceeds from the sale of the township developer and its two units to winning bidder Darwin Platform Infrastructure.