India News | Jalan-Kalrock Consortium Approaches NCLT to Fast-track Jet Airways Resolution
Get latest articles and stories on India at LatestLY. The winning consortium of Jet Airways on Friday said it wants to infuse funds in the airline and has approached the NCLT to fast-track implementation of the resolution plan approved by the insolvency court in June this year.
Mumbai, Dec 17 (PTI) The winning consortium of Jet Airways on Friday said it wants to infuse funds in the airline and has approached the NCLT to fast-track implementation of the resolution plan approved by the insolvency court in June this year.
The consortium, in a statement, also said it plans to restart domestic operations at the earliest in 2022 as a full-service carrier.
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The Murari Lal Jalan and Florian Fritsch consortium, which emerged as the winning bidder for Jet Airways after the completion of the resolution process under the Insolvency and Bankruptcy Code, said it wants to commence payments to all stakeholders including ex-employees, workmen, ticket claimants and lenders of Jet Airways as per the approved plan.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)