NCLT approves Jet Airways ownership transfer to Jalan Kalrock consortium
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday allowed transfer of ownership of Jet Airways to winning bidder Jalan-Kalrock consortium (JKC) by giving the latter time till mid-May 2023 to make the required payment to lenders. The consortium has till now deposited bank guarantees worth Rs 150 crore with the lenders.
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday allowed transfer of ownership of Jet Airways to winning bidder Jalan-Kalrock consortium (JKC) by giving the latter time till mid-May 2023 to make the required payment to lenders. The consortium has till now deposited bank guarantees worth Rs 150 crore with the lenders.
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