Airlines News
NCLT approves Jet Airways ownership transfer to Jalan Kalrock Consortium, gives more time to pay dues
Posted :
16 January 2023 04:35:31
| By
TWO Bureau
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GNN Bureau
The National Company Law Tribunal (NCLT) has allowed Jalan-Kalrock Consortium (JKC) to take over Jet Airways, and given the consortium six months of extra time - beyond November 16, 2022 - to make payments to lenders.
The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to extension of time for the payment of dues to creditors.
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