The National Company Law Tribunal’s (NCLT) Mumbai bench on Tuesday approved the Jalan-Kalrock consortium’s resolution plan for the revival of bankrupt Jet Airways. The development comes a little after two years since the airline suspended its operations due to financial crisis.
The Murari Lal Jalan-Kalrock consortium had offered Rs 1,183 crore to the lenders, which means a haircut of around 90% on the total admitted claims of Rs 15,525 crore.
