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Jet Airways lenders, led by the State Bank of India, have moved the Supreme Court challenging the NCLAT order upholding the resolution plan proposed by the Jalan-Kalrock Consortium. ....
During the proceedings, the Committee of Creditors (CoC) asked the Jalan-Kalrock consortium to pay Rs 350 crore by August 31, as per the schedule. However, the consortium sought an extension in the schedule. ....
NCLAT will hear on July 5 a host of appeals filed against an order passed by the NCLT Mumbai last year approving the resolution plan for Jet Airways. ....