Key Points
The Jalan Kalrock Committee has sought an extension to make payments to the Committee of Creditors of bankrupt airline Jet Airways..
The National Company Law Appellate Tribunal (NCLAT) has asked the JKC to file an application stating the conditions for seeking an extension to make the payments...
The committee has said that it will deposit Rs 100 crore by August 31, and Rs 100 crore by September 30 and the CoC can encash bank guarantee of Rs 150 crore immediately...
The application filed by the State Bank of India, the primary lender, and others pertains to the transfer of ownership of the airline to JKC, the winning bidder for Jet Airways...
In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and the UK's Kalrock Capital...
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NCLAT upholds transfer of ownership of Jet Airways to Jalan Kalrock Consortium
12, Mar, 24NCLAT had already permitted the transfer of ownership to JKC in January last year.
Jet Airways shares rise 5% as Jalan-Kalrock consortium eyes 2024 takeoff
29, Sep, 23The Jalan-Kalrock consortium has officially announced that it has infused Rs 350 crore into Jet Airways and outlined its intentions to restart operations in the upcoming year.
Jet Airways' CoC asks Jalan Kalrock Consortium to pay Rs 350 crore
07, Aug, 23Bankrupt airline Jet Airways's CoC has asked the Jalan Kalrock Consortium to pay Rs 350 crore. The CoC said that they may not pursue the appeal for transfer of ownership if the said amount is paid
Jet Airways' new promoter pumps in ₹100 crore for reviving grounded airline
31, Aug, 23Jalan-Kalrock Consortium had emerged as the winning bidder for the Jet Airways under the insolvency resolution process.
Jet Airways Q1 FY24 results: Net loss narrows to Rs 50.65 cr from Rs 390 cr
08, Aug, 23The full-service carrier's revenue from operations was Rs 39.08 crore for the quarter under review. Jet Airways had posted a total revenue of Rs 13.10 crore in the same quarter last year
Jalan-Kalrock had 180 days to pay creditors and employees: Jet’s fate undecided as NCLT deadline nears
19, Apr, 23Another challenge is expiry of air operator’s permit next month
Jet, set and go? DGCA renews airport operator certificate of Jet Airways
31, Jul, 23Jalan Kalrock Consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directorate General of Civil Aviation (DGCA). Jet had stopped operating in April 2019, burdened under piling losses, debt and dues.
Jet lenders move SC against JKC consortium
09, Oct, 23The new petition contests the NCLAT's order to allow the Jalan-Kalrock Consortium (JKC) to encash a performance bank guarantee of ₹150 crore to pay off dues amounting to ₹350 crore to the lenders
Jet Airways CEO-Designate Sanjiv Kapoor quits
28, Apr, 23India Business News: MUMBAI: A little over a year after coming on board to revive Jet Airways, the airline's CEO-Designate Sanjiv Kapoor has put in his papers.
Jalan Kalrock Consortium infuses $42.14 million to revive Jet Airways
29, Sep, 23The consortium aims to re-establish the airline's operations from next year and further announcements regarding the launch date of Jet Airways will be made in the coming weeks.