NCLAT upholds the transfer of ownership of Jet Airways to Jalan Kalrock Consortium techstory.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techstory.in Daily Mail and Mail on Sunday newspapers.
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.
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.
On October 4, the lenders of the grounded airline Jet Airways told NCLAT that the compliance by Jalan Kalrock Consortium (JKC) in depositing Rs 200 crore did not align with the resolution plan.