NCLT issues written order approving resolution plan for Jet Airways

NEW DELHI: The National Company Law Tribunal (NCLT) on Friday published the written order approving Jalan Kalrock Consortium’s resolution plan for grounded Jet Airways, and the approval is subject to certain directions.

A separate order regarding the directions would be issued later by the tribunal.

On June 22, the tribunal, through an oral order, cleared the consortium’s plan for the bankrupt-Jet Airways under the insolvency law.

In a filing to stock exchanges on Friday, Jet Airways’ Resolution Professional Ashish Chhawchharia said the tribunal has published the “written order (dated June 22, 2021)” approving the resolution plan.

The matter was taken up through video conferencing by the tribunal on June 22.