NCLT set to rule Tuesday on the resolution plan for Jet Airways

The dedicated bankruptcy court is set to pronounce its ruling on the Kalrock Capital and entrepreneur Murari Lal Jalan Consortium’s resolution plan for the defunct airline Jet Airways NSE 4.96 % Ltd.

The Mumbai bench of the National Company Law Tribunal 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.