NCLT adjourns Jet Airways resolution matter

Lenders of the erstwhile Jet Airways argued for the dismissal of an application filed by Jalan-Kalrock Consortium (JKC) at the National Company Law Tribunal (NCLT) accusing it of being incomplete and misleading.

“All stakeholders in the CIRP of the corporate debtor, would face grave harm and prejudice in the case the relief sought for in the application is granted,” the lenders said in their reply. The response was filed by State Bank of India on behalf of the financial creditors.