{"id":517890,"date":"2022-08-30T10:47:06","date_gmt":"2022-08-30T05:17:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=517890"},"modified":"2022-08-30T10:47:06","modified_gmt":"2022-08-30T05:17:06","slug":"jalan-kalrock-to-transfer-rs-130-crore-rental-earnings-to-jet-airways-lenders","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jalan-kalrock-to-transfer-rs-130-crore-rental-earnings-to-jet-airways-lenders\/","title":{"rendered":"Jalan-Kalrock to transfer Rs 130 crore rental earnings to Jet Airways&#8217; lenders"},"content":{"rendered":"<p>Jet Airways, led by the new management, has for the time being averted liquidation proceedings by agreeing to transfer to banks about \u20b9130 crore received from the lease-rentals of Air Serbia planes, said people aware of the development.<\/p>\n<p>However, the Jalan-Kalrock Consortium, which has won the bid to acquire the company under the Insolvency and Bankruptcy Code (IBC), cannot place an order to buy aircraft until it obtains a no-objection certificate from its lenders, the people said. According to them, the lenders said they would give a NOC only after the consortium commits to a timeline for implementing the debt resolution plan, which involves staggered payment to gain ownership of the airlines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways, led by the new management, has for the time being averted liquidation proceedings by agreeing to transfer to banks about \u20b9130 crore received from the lease-rentals of Air Serbia planes, said people aware of the development. However, the Jalan-Kalrock Consortium, which has won the bid to acquire the company under the Insolvency and Bankruptcy Code (IBC), cannot place an order to buy aircraft until it obtains a no-objection certificate from its lenders, the people said. According to them, the lenders said they would give a NOC only after the consortium commits to a timeline for implementing the debt [&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":[192,130,136],"tags":[],"class_list":["post-517890","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517890","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=517890"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/517890\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=517890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=517890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=517890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}