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Jet Airways hits 5% upper circuit after NCLAT approves ownership transfer to Jalan Kalrock

The appellate tribunal had asked lenders to complete the formalities within 90 days and give control to the Kalrock Consortium. A plea filed by State Bank of India-led consortium in this regard has been disposed of. ....

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Jet Air told to deposit Rs 150 cr by Jan 31 in SBI's escrow account

The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI s escrow account by January 31, saying failure to do so will mean that the consortium is not in compliance with the terms of the resolution plan for reviving the airline.

The top court, meanwhile, also refused to allow the separate plea of the Jet Aircraft Maintenance Engineers Welfare Association seeking payment of provident fund and gratuity dues, observing if additional money is awarded, the resolution plan will become unworkable .

The consortium, as per the lawyers for the workmen, has to pay over Rs 200 crore towards dues on account of PF and gratuity. ....

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SC asks new owners of Jet Airways to deposit Rs 150 cr by January 31 in SBI's escrow account

The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI s escrow account by January 31, saying failure to do so will mean that the consortium is not in compliance with the terms of the resolution plan for ....

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Jet Airways | NCLAT dismisses plea from JKC challenging sale of three Jet Airways planes

Apart from JKC, the All India Jet Airways’ Officers and Staff Association also filed an appeal with the appellate tribunal ....

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JKC files appeal against NCLT order directing sale of Jet Airways aircraft

The sale process was put on hold in November 2022 owing to a deadlock in the monitoring committee comprising representatives of the financial creditors, JKC and the resolution professional ....

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