{"id":602484,"date":"2023-09-08T11:23:00","date_gmt":"2023-09-08T05:53:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=602484"},"modified":"2023-09-08T11:23:00","modified_gmt":"2023-09-08T05:53:00","slug":"apex-court-to-examine-jkcs-resolution-plan-for-jet-airways","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/apex-court-to-examine-jkcs-resolution-plan-for-jet-airways\/","title":{"rendered":"Apex court to examine JKC&#8217;s resolution plan for Jet Airways"},"content":{"rendered":"<p>The Supreme Court on Wednesday said it will examine the Jalan-Kalrock consortium&#8217;s (JKC) resolution plan for the takeover of bankrupt Jet Airways (India) and asked it to submit the plan within a week after the former sought &#8220;reconsideration of its decision to acquire&#8221; the grounded carrier.<\/p>\n<p>A Bench led by Justice Sanjiv Khanna sought response from the the Punjab National Bank, Jet Airways&#8217; resolution professional Aashish Chhawchharia and its committee of creditors on an appeal by the Jalan-Kalrock consortium against the National Company Law Appellate Tribunal in October [that] increased the PNB&#8217;s claims against Jet Airways by \u20b9202 crore. The resolution professional had slashed the PNB&#8217;s claims from \u20b9956.11 crore to \u20b9752 crore in the airline&#8217;s restructuring process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Wednesday said it will examine the Jalan-Kalrock consortium&#8217;s (JKC) resolution plan for the takeover of bankrupt Jet Airways (India) and asked it to submit the plan within a week after the former sought &#8220;reconsideration of its decision to acquire&#8221; the grounded carrier. A Bench led by Justice Sanjiv Khanna sought response from the the Punjab National Bank, Jet Airways&#8217; resolution professional Aashish Chhawchharia and its committee of creditors on an appeal by the Jalan-Kalrock consortium against the National Company Law Appellate Tribunal in October [that] increased the PNB&#8217;s claims against Jet Airways by \u20b9202 crore. The [&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-602484","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\/602484","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=602484"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/602484\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=602484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=602484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=602484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}