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Jet Airways Insolvency: JKC withdraws plea to put Rs 200 cr in escrow after NCLAT refuses relief

Jet Airways Insolvency: JKC withdraws plea to put Rs 200 cr in escrow after NCLAT refuses relief
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JKC Withdraws Jet Airways Plea After NCLAT Refusal

The Jalan Kalrock Consortium (JKC) withdrew its plea before the NCLAT to move Rs 200 crore to an escrow account after the tribunal, headed by Chairman Justice Ashok Bhushan, refused relief. The matter is pending in the Supreme Court, and ownership transfer issues continue for the grounded Jet Airways.

NCLAT issues notice to Zee Entertainment, refuses to stay merger

The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company’s merger with Culver Max Entertainment. However, a two-member NCLAT bench

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