Jet Airways’ lenders want Jalan-Kalrock consortium to reveal source of its funding

Lenders to Jet Airways on Wednesday said that the Jalan-Kalrock consortium, the beleaguered airline’s would-be-owners, should disclose the source of the ₹200 crore it has paid as part of the first tranche of payment to take control of the carrier.

The counsel for the lenders said before the National Company Law Appellate Tribunal (NCLAT) in Delhi that JKC needs to disclose the source of the funds as part of the resolution plan, and that the money should come from JKC and not a third party.