NCLT clears transfer of Jet Airways’ ownership to Jalan-Kalrock Consortium
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the transfer of Jet Airway’s ownership to the Jalan-Kalrock Consortium, CNBC-TV18 reported on Friday. The consortium now has six months to settle their dues and take control of the airline.
The consortium asked for directions from the bench on taking control of Jet Airways. On the other hand, the airline said that JKC had not fulfilled three of the five conditions mentioned in the resolution plan.
On January 10, JKC asked the airline monitoring committee’s authorised representative Ashish Chhawcharia not to issue any communication on behalf of the grounded carrier without the approval of all the committee members.
