The Jalan-Kalrock consortium (JKC), the successful bidder for bankrupt Jet Airways, sought additional time before the National Company Law Appellate Tribunal (NCLAT) on Friday to pay Rs 350 crore to the airline’s lenders.
The date for the payment was earlier set for August 31, but JKC has now sought an extension.
The appellate tribunal instructed JKC to file an application, stating the revised schedule of the payment within 24 hours, and posted the matter for August 21.
Senior advocate Ravishankar Prasad, who appeared for JKC, informed the court that the consortium would deposit Rs 100 crore by August 21 and another Rs 100 crore by the end of September.
