Wind up Jet, resolution plan unviable: Lenders to SC

The lenders to Jet Airways on Monday told the Supreme Court that there’s no option but to liquidate Jet Airways as the resolution plan approved by the National Company Law Tribunal (NCLT) was not working out.

Appearing for the committee of creditors (CoC), additional solicitor general N Venkatraman told the SC bench that Jalan Kalrock Consortium (JKC), which has emerged as the successful bidder, had not infused any funds into the company.