The Supreme Court on Monday posted for October 12 an appeal filed by State Bank of India-led creditors to initiate liquidation proceedings against Jet Airways and reject the corporate insolvency resolution process approved earlier by the NCLT permitting the Jalan-Kalrock Consortium (JKC) to take over the airline by infusing Rs 350 crore.
A bench headed by Chief Justice of India D.Y. Chandrachud agreed to list the matter for early hearing after briefly hearing senior advocate Harish Salve and additional solicitor general R. Venkataraman for the SBI-led consortium of lenders and former attorney general Mukul Rohatgi for JKC.
