Jalan Kalrock’s deadlock with Jet Airways’ banks continues

The deadlock between Jet Airways’ lenders and the Jalan Kalrock Consortium (JKC) continued in court Friday.

Before the National Company Law Appelate Tribunal (NCLAT), banks said saying the consortium hasn’t infused any money to repay creditors while JKC said the lenders have thwarted transfer of ownership and challenged its every effort to commence operations at Jet.