The committee of creditors (CoC) of Jet Airways stated it might not pursue its appeal filed before the National Company Law Appellate Tribunal (NCLAT) if the Jalan-Kalrock consortium (JKC) deposits Rs 350 crore, The Economic Times (ET) reported on Tuesday. The Jalan-Kalrock consortium (JKC) had won the bid for the grounded airline.
The CoC’s counsel told the appellate tribunal that the consortium had repeatedly failed to deposit the funds. The JKC had promised to pay Rs 350 crore before August 31. The National Company Law Tribunal (NCLT) had extended the deadline to pay Rs 350 crore in May.
