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NCLAT upholds the transfer of ownership of Jet Airways to Jalan Kalrock Consortium

NCLAT upholds the transfer of ownership of Jet Airways to Jalan Kalrock Consortium
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Jet Airways case: Setback for JKC as SC directs it to furnish Rs 150 crore bank guarantee in 2 weeks

The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways ownership to JKC by end of March 2024.

Jet Airways case: Setback for JKC as SC directs it to deposit Rs 150 crore in 2 weeks

The court has held that in case JKC does not furnish the bank guarantee, the consequences of law will follow. The NCLAT will now have to decide the appeal by State Bank of India challenging the transfer of Jet Airways ownership to JKC by end of March 2024.

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