‘Lenders creating hindrance in Jet Airways revival’

The Jalan-Kalrock consortium, which had won the bid to take over bankrupt Jet Airways, on Friday sought clarity from the National Company Law Appellate Tribunal on the transfer of ownership of the grounded airline, claiming that the creditors were creating hindrances to restart operations.

The consortium’s counsel argued that the “committee of creditors was initiating litigation in different fora”, making it difficult for the airline to resume flight operations.