New Delhi: The Supreme Court on Thursday dismissed an appeal by the Jalan Kalrock Consortium (JKC), the successful bidder for takeover of grounded Jet Airways (India), seeking to halt sale of the airline’s three aircraft to a Malta-based aviation company.
A Bench led by Justice Abhay S Oka upheld the National Company Law Appellate Tribunal’s December order that allowed the sale of the aircraft to Ace Aviation VII. The apex court also observed that the sale of aircraft to the aviation company would in fact help the consortium to revive the embattled airline.
