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NCLAT gives Jalan Kalrock 3 months to pay dues in Jet Airways case
short by Mansi Agarwal / on Friday, 26 May, 2023
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.
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