The Supreme Court on Wednesday said it will examine the Jalan-Kalrock consortium’s (JKC) resolution plan for the takeover of bankrupt Jet Airways (India) and asked it to submit the plan within a week after the former sought “reconsideration of its decision to acquire” the grounded carrier.
A Bench led by Justice Sanjiv Khanna sought response from the the Punjab National Bank, Jet Airways’ resolution professional Aashish Chhawchharia and its committee of creditors on an appeal by the Jalan-Kalrock consortium against the National Company Law Appellate Tribunal in October [that] increased the PNB’s claims against Jet Airways by ₹202 crore. The resolution professional had slashed the PNB’s claims from ₹956.11 crore to ₹752 crore in the airline’s restructuring process.
