Highlights

  • NCLAT grants 97 days extension Jalan Kalrock Consortium to pay dues to SBI
  • NCLAT prevents SBI from invoking its ₹150-crore performance bank guarantee over unpaid dues

Latest news

MediThinQ and Synovis MCA Announce Global Distribution Agreement to Redefine Microsurgery with the SHIYA 3D Visualization Platform

MediThinQ and Synovis MCA Announce Global Distribution Agreement to Redefine Microsurgery with the SHIYA 3D Visualization Platform

Curry Barker reunites With Universal, Blumhouse-Atomic Monster for new horror film

Curry Barker reunites With Universal, Blumhouse-Atomic Monster for new horror film

Brett Lee drops pics with R Madhavan from Dubai golf session

Brett Lee drops pics with R Madhavan from Dubai golf session

Gold imports tumble 39% in May after duty hike; ETFs see first outflows in over a year: WGC

Gold imports tumble 39% in May after duty hike; ETFs see first outflows in over a year: WGC

Druid Sport Secures a Record Number of AFA Partnerships Across the Indian Subcontinent

Druid Sport Secures a Record Number of AFA Partnerships Across the Indian Subcontinent

From Biryani to Seasonal Specials, 63 Degrees Serves a Feast in Hyderabad

From Biryani to Seasonal Specials, 63 Degrees Serves a Feast in Hyderabad

'Pataudi princess x Superman': Internet can't keep calm as Sara Ali Khan meets Henry Cavill at Royal Ascot

'Pataudi princess x Superman': Internet can't keep calm as Sara Ali Khan meets Henry Cavill at Royal Ascot

IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

Jet Airways crisis: Bidder Jalan Kalrock Consortium gets 97 more days to pay dues to SBI

Jalan Kalrock Consortium had moved the NCLAT to prevent SBI from invoking its ₹150-crore performance bank guarantee over unpaid dues

Jet Airways crisis: Bidder Jalan Kalrock Consortium gets 97 more days to pay dues to SBI

The National Company Law Appellate Tribunal (NCLAT) has given Jalan Kalrock Consortium an extension of 97 days to pay dues to SBI. Jalan Kalrock Consortium (JKC) emerged as the successful bidder of Jet Airways.

JKC had moved the NCLAT to prevent SBI from invoking its ₹150-crore performance bank guarantee over unpaid dues. SBI leads the group of lenders. JKC had earlier expressed interest to restart operations of Jet Airways.

Meanwhile, the validity of Jet Airways' Air Operator's Certificate expired last week. Jet Airways stopped operating on April 18, 2019 after flying for 25 years. The insolvency proceedings against the airline started in June 2019. The NCLT approved the resolution plan by the consortium in June 2021.

ADVERTISEMENT

Up Next

Jet Airways crisis: Bidder Jalan Kalrock Consortium gets 97 more days to pay dues to SBI

Jet Airways crisis: Bidder Jalan Kalrock Consortium gets 97 more days to pay dues to SBI

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

ADVERTISEMENT

editorji-whatsApp

More videos

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.