The NCLT-defined deadline of 180 days for the Jalan-Kalrock Consortium (JKC) to pay the creditors and employees of the erstwhile Jet Airways will get exhausted in less than four weeks even as the issue of ownership transfer of the airline lingers on.
JKC has to pay Rs 185 crore to the lenders of the grounded airline in addition to payments, estimated to be around Rs 250 crore, due to the airline’s former employees by May 14.
