{"id":590100,"date":"2023-07-11T09:24:03","date_gmt":"2023-07-11T03:54:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=590100"},"modified":"2023-07-11T09:53:51","modified_gmt":"2023-07-11T04:23:51","slug":"start-winding-up-process-for-jet-airways-lenders-tell-supreme-court","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/start-winding-up-process-for-jet-airways-lenders-tell-supreme-court\/","title":{"rendered":"Start winding-up process for Jet Airways: Lenders tell Supreme Court"},"content":{"rendered":"<p>Jet Airways lenders on Monday urged the Supreme Court to initiate the winding-up process for the grounded airline, asserting that the approved resolution plan by the National Company Law Tribunal (NCLT) was unfeasible.<\/p>\n<p>Representing the Committee of Creditors (CoC), Additional Solicitor General N Venkatraman informed the apex court that the Jalan-Kalrock Consortium &#8212; the successful bidder for the airline &#8212; had not infused any funds into the company. Furthermore, he stated the Directorate General of Civil Aviation (DGCA) was not inclined to renew Jet Airways\u2019 air operator&#8217;s certificate (AOC), which expired in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jet Airways lenders on Monday urged the Supreme Court to initiate the winding-up process for the grounded airline, asserting that the approved resolution plan by the National Company Law Tribunal (NCLT) was unfeasible. Representing the Committee of Creditors (CoC), Additional Solicitor General N Venkatraman informed the apex court that the Jalan-Kalrock Consortium &#8212; the successful bidder for the airline &#8212; had not infused any funds into the company. Furthermore, he stated the Directorate General of Civil Aviation (DGCA) was not inclined to renew Jet Airways\u2019 air operator&#8217;s certificate (AOC), which expired in May.<\/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-590100","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\/590100","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=590100"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/590100\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=590100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=590100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=590100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}