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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.
Appearing for JKC, senior advocate Krishnendu Dutta, argued that the lenders are objecting to JKC s every move as they do not intend to transfer the ownership of the airline to them.
CoC of grounded airline Jet Airways told the NCLAT that they may choose not to pursue the appeal against transfer of the airline s ownership to Jalan Kalrock Consortium if it pays Rs 350 crore towards fulfilling condition precedents