Jet Airways’ CoC asks Jalan Kalrock Consortium to pay Rs 350 crore

The Committee of Creditors (CoC) of Jet Airways on Monday asked the Jalan Kalrock Consortium to pay Rs 350 crore. The CoC said that they may not pursue the appeal for transfer of ownership if the said amount is paid.

Late in July, the Jalan-Kalrock consortium sought clarity from the National Company Law Appellate Tribunal on the transfer of ownership of the grounded airline, claiming that the creditors were creating hindrances to restart operations.