New Delhi: The National Company Law Appellate Tribunal (NCLAT) will hear a plea made by Jalan Kalrock Consortium (JKC), the successor to Jet Airways management, on May 22. JKC is seeking directions to prevent the State Bank of India (SBI) from invoking its bank guarantee of Rs 175 crore, media reports said.
NCLT allows Jet Airways ownership transfer to Jalan Kalrock Consortium: Report
New Delhi: The National Company Law Tribunal (NCLT) has given nod to transfer the ownership of grounded Jet Airways to the Jalan Kalrock Consortium (JKC), which had won the bid to revive the carrier in 2021, media reported.
Jet Airways halves salaries, sends staff on leave without pay: Report
Mumbai: Grounded carrier Jet Airways has slashed the salaries of some of its employees by 50 percent and sent some others on leave without pay, media reports said.
Jalan-Kalrock Consortium appoints Sanjiv Kapoor CEO of Jet Airways
Mumbai: Sanjiv Kapoor, who has headed revenue and strategy departments at SpiceJet and Vistara, will be the new CEO of Jet Airways, as the company plans to restart operations in the coming summer.
Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion
New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.
Mumabi/IBNS: The resolution plan submitted by the Jalan Kalrock Consortium for the corporate insolvency resolution of financially beleagured Jet Airways that went out of operations in April, 2019 was approved earlier today by the National Company Law Tribunal (NCLT), Mumbai Bench.