Jet Airways’ Committee of Creditors Monday informed the National Company Law Appellate Tribunal that they were ready to grant a month’s extension for payment of Rs 350 crore but differed on the terms of payment suggested by the Jalan-Kalrock Consortium.
“How do we reach the end of the long tunnel of (recovering) Rs 7,800 crore if we are struggling for Rs 350 crore,” the senior counsel representing Jet CoC, led by the State Bank of India, told the tribunal.
