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N.Y. District Court Rules That Chapter 15 Recognition Not Required To Enforce Foreign Bankruptcy Injunction - Insolvency/Bankruptcy/Re-structuring

N.Y. District Court Rules That Chapter 15 Recognition Not Required To Enforce Foreign Bankruptcy Injunction - Insolvency/Bankruptcy/Re-structuring
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Jalan-Kalrock expects to restart Jet Airways in 4-6 months after NCLT nod

Jalan Kalrock Consortium, the winning bidder for Jet Airways, expects to restart operations of the defunct airline in four to six months after receiving approval from the NCLT for its resolution plan.
Jet Airways, the once-storied full-service carrier was grounded in early 2019 and subsequently is undergoing proceedings under the Insolvency and Bankruptcy Code (IBC).
Against the backdrop of the National Company Law Tribunal (NCLT) likely to take a final call on the resolution plan for the airline, the winning consortium s lead member Murari Lala Jalan told PTI that everything is on track as far as the revival efforts for the carrier are concerned. ....

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