The Supreme Court (SC) on Friday dismissed a plea by Jalan Kalrock Consortium (JKC), the successful bidder for Jet Airways, seeking a seven-day extension of the deadline to pay Rs 150 crore.
The plea also sought the court’s intervention to instruct lenders to release the existing bank guarantee of Rs 150 crore and allow JKC to replace it with a new one. Calling the plea misconceived, the SC refused to interfere with its January 18 order asking JKC to deposit Rs 150 crore in two weeks in the escrow account of the State Bank of India as part of the resolution plan.
