{"id":422026,"date":"2021-06-23T12:30:41","date_gmt":"2021-06-23T07:00:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422026"},"modified":"2021-06-23T12:30:41","modified_gmt":"2021-06-23T07:00:41","slug":"nclt-okays-jet-airways-revival-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-okays-jet-airways-revival-plan\/","title":{"rendered":"NCLT okays Jet Airways\u2019 revival plan"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday approved the Jalan Kalrock Consortium\u2019s resolution plan for the bankrupt-Jet Airways, two years after the once-storied airline went into insolvency proceedings.<\/p>\n<p>Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019 and a consortium of lenders, led by the SBI, filed an insolvency petition in June 2019, to recover outstanding dues worth over Rs 8,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) on Tuesday approved the Jalan Kalrock Consortium\u2019s resolution plan for the bankrupt-Jet Airways, two years after the once-storied airline went into insolvency proceedings. Financial distress forced Jet Airways, which flew for more than two decades, to suspend operations on April 17, 2019 and a consortium of lenders, led by the SBI, filed an insolvency petition in June 2019, to recover outstanding dues worth over Rs 8,000 crore.<\/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":[224,130,150],"tags":[],"class_list":["post-422026","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-tribune","category-newspapers","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422026","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=422026"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422026\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}