The National Company Law Appellate Tribunal (NCLAT) on Tuesday directed the monitoring committee of Jet Airways to complete the transfer of the airline’s ownership to Jalan Kalrock Consortium (JKC) within 90 days. Further, the tribunal also directed the JKC to obtain an air operator’s certificate within the same period.
The tribunal also allowed the adjustment of the Performance Bank Guarantee of Rs 150 crore towards the first tranche payment of Rs 350 crore.
