{"id":594319,"date":"2023-07-31T09:32:07","date_gmt":"2023-07-31T04:02:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=594319"},"modified":"2023-07-31T09:59:14","modified_gmt":"2023-07-31T04:29:14","slug":"lenders-impeding-jet-airways-revival-jalan-kalrock-consortium-to-nclat","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-impeding-jet-airways-revival-jalan-kalrock-consortium-to-nclat\/","title":{"rendered":"Lenders impeding Jet Airways revival: Jalan Kalrock Consortium to NCLAT"},"content":{"rendered":"<p>The Jalan Kalrock Consortium (JKC), the successful bidder for Jet Airways, conveyed to the National Company Law Appellate Tribunal (NCLAT) on Friday that while they were prepared for a revival, the lenders to the airline were creating obstructions by filing cases across multiple forums.<\/p>\n<p>JKC said that it possessed the Air Operator&#8217;s Certificate (AOC) for 2022-23, but was unable to commence operations because the Committee of Creditors (CoC) raised objections to its ownership at various stages. A CoC is a collective of lenders representing the interests of stakeholders in a company facing insolvency or bankruptcy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Jalan Kalrock Consortium (JKC), the successful bidder for Jet Airways, conveyed to the National Company Law Appellate Tribunal (NCLAT) on Friday that while they were prepared for a revival, the lenders to the airline were creating obstructions by filing cases across multiple forums. JKC said that it possessed the Air Operator&#8217;s Certificate (AOC) for 2022-23, but was unable to commence operations because the Committee of Creditors (CoC) raised objections to its ownership at various stages. A CoC is a collective of lenders representing the interests of stakeholders in a company facing insolvency or bankruptcy.<\/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-594319","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\/594319","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=594319"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/594319\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=594319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=594319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=594319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}