The bankruptcy court on Tuesday approved the resolution plan of Kalrock Capital and entrepreneur Murari Lal Jalan for reviving Jet Airways NSE 4.98 %, almost two years after the defunct airline was admitted under the Corporate Insolvency Resolution Process (CIRP).
Mumbai bench of the National Company Law Tribunal (NCLT), while allowing the resolution plan in an oral order, directed the successful bidders to get required approvals and licences from relevant authorities within 90 days.
