Promoters of Jet Airways fight conditions for revival

The Mumbai bench of the National Company Law Tribunal (NCLT) will hear on Wednesday an application filed by the Jalan Kalrock consortium (JKC) on implementing the resolution plan of JetAirways.

Jalan Kalrock has said the lenders led by the State Bank of India (SBI) are delaying the implementation of the resolution plan by deploying coercive methods.

The consortium has said the resolution is not possible if the tribunal does not grant relief. It has also maintained that it has fulfilled all the conditions to implement the resolution plan.