Jet Airways: Seven-member monitoring panel to manage airline under resolution plan
A seven-member monitoring committee, including members appointed by the winning bidder Jalan Kalrock Consortium and the lenders, will soon start managing the day-to-day affairs of Jet Airways NSE 5.00 % till the resolution process is complete.
Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing.
On June 22, the National Company Law Tribunal (NCLT) approved the consortium’s resolution plan for grounded Jet Airways, subject to certain conditions.
