{"id":422769,"date":"2021-06-28T08:31:57","date_gmt":"2021-06-28T03:01:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422769"},"modified":"2021-06-28T09:21:16","modified_gmt":"2021-06-28T03:51:16","slug":"jet-airways-seven-member-panel-to-manage-airline-under-resolution-plan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-seven-member-panel-to-manage-airline-under-resolution-plan\/","title":{"rendered":"Jet Airways: Seven-member panel to manage airline under resolution plan"},"content":{"rendered":"<p>A seven-member monitoring committee, including members appointed by the winning bidder Jalan Kalrock Consortium and the lenders, will soon start managing the day-to-day affairs of Jet Airways till the resolution process is complete.<\/p>\n<p>Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing. <\/p>\n<p>On June 22, the National Company Law Tribunal (NCLT) approved the consortium&#8217;s resolution plan for grounded Jet Airways, subject to certain conditions.<\/p>\n<p>The full-service carrier, which suspended operations in April 2019, was undergoing Corporate Insolvency Resolution Process (CIRP). <\/p>\n<p>&#8220;The CIRP of the company has therefore concluded and Mr Ashish Chhawchharia has ceased to be the resolution professional of the company, effective on and from June 25, 2021,&#8221; the filing to the stock exchanges said on Saturday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A seven-member monitoring committee, including members appointed by the winning bidder Jalan Kalrock Consortium and the lenders, will soon start managing the day-to-day affairs of Jet Airways till the resolution process is complete. Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing. On June 22, the National Company Law Tribunal (NCLT) approved the consortium&#8217;s resolution plan for grounded Jet Airways, subject to certain conditions. The full-service carrier, which suspended operations in April 2019, was undergoing Corporate Insolvency Resolution Process (CIRP). &#8220;The CIRP of the company has therefore concluded and Mr Ashish [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-422769","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422769","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=422769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}