Jet Airways creditors set to recoup just 5% of monies owed

Lenders to Jet Airways NSE -4.98 % India Ltd. only stand to receive about 5% of what they’re owed, another blow to banks in the nation that are growing increasingly accustomed to paltry recoveries.

The new owners of Jet Airways — Dubai-based businessman Murari Lal Jalan and Kalrock Capital Management Ltd. in London — have proposed paying 3.8 billion rupees ($51 million) of the 78.1 billion rupees they owe to financial creditors, according to a bankruptcy tribunal order tabled late Wednesday.