{"id":421978,"date":"2021-06-23T12:04:14","date_gmt":"2021-06-23T06:34:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=421978"},"modified":"2021-06-23T12:04:14","modified_gmt":"2021-06-23T06:34:14","slug":"jet-airways-is-back-nclt-clears-jalan-kalrock-consortiums-resolution-plan-for-airlines","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-is-back-nclt-clears-jalan-kalrock-consortiums-resolution-plan-for-airlines\/","title":{"rendered":"&#8216;Jet Airways is back&#8217;: NCLT clears Jalan Kalrock Consortium&#8217;s resolution plan for airlines"},"content":{"rendered":"<p>NEW DELHI:  The National Company Law Tribunal (NCLT) has given approval to the Kalrock Capital and Murari Lal Jalan consortium\u2019s bid for Jet Airways, eight months after the lenders had given a go ahead to its resolution plan. <\/p>\n<p>According to the resolution plan of Kalrock Capital and UAE-based NRI Murari Lal Jalan, which was approved by the Committee of Creditors in October 2020 by 97% vote share, around Rs 1,100 would be paid in tranches in five years. The resolution professional of Jet Airways \u2013 Ashish Chhawchharia \u2013  had received claims of Rs 44,000 crore out of which he admitted claims of around Rs 15,400 crore. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The National Company Law Tribunal (NCLT) has given approval to the Kalrock Capital and Murari Lal Jalan consortium\u2019s bid for Jet Airways, eight months after the lenders had given a go ahead to its resolution plan. According to the resolution plan of Kalrock Capital and UAE-based NRI Murari Lal Jalan, which was approved by the Committee of Creditors in October 2020 by 97% vote share, around Rs 1,100 would be paid in tranches in five years. The resolution professional of Jet Airways \u2013 Ashish Chhawchharia \u2013 had received claims of Rs 44,000 crore out of which he admitted [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208,130,143],"tags":[],"class_list":["post-421978","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=421978"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/421978\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=421978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=421978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=421978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}