The Mumbai bench of the National Company Law Tribunal has approved the resolution plan by Kalrock Capital and Murari Lal Jalan for Jet Airways NSE 4.98 % with certain riders.
The successful bidders have been asked to get necessary approvals from relevant authorities within 90 days.
The bench presided by judicial members – Janab Mohammed Ajmal and V Nallasenapathy had reserved its order after hearing all parties, including the successful resolution applicant, lenders, DGCA and others.
