NCLAT gives Jalan Kalrock 3 months to pay dues in Jet Airways case

Jalan Kalrock Consortium, which had won the bid to acquire bankrupt Jet Airways, has received a 97-day extension from National Company Law Appellate Tribunal to pay dues to SBI as part of the resolution plan. The consortium had moved NCLAT to prevent SBI from invoking its ₹150-crore performance bank guarantee over unpaid dues. Jet Airways' lenders are led by SBI.