Jalan-Kalrock consortium, the winning bidder for the grounded Jet Airways, will make a cash infusion of Rs 1,375 crore in the airline and lenders will take a steep haircut on their admitted claims of over Rs 7,800 crore under the approved resolution plan.
The National Company Law Tribunal (NCLT) on June 22, approved the consortium’s resolution plan for Jet Airways, which has been undergoing insolvency resolution process since June 2019. The carrier shuttered operations in April 2019.
