{"id":642165,"date":"2024-04-23T07:54:09","date_gmt":"2024-04-23T02:24:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=642165"},"modified":"2024-04-23T08:22:06","modified_gmt":"2024-04-23T02:52:06","slug":"nclat-order-of-jet-airways-takeover-shocking-unacceptable-sbi-tells-sc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-order-of-jet-airways-takeover-shocking-unacceptable-sbi-tells-sc\/","title":{"rendered":"NCLAT order of Jet Airways takeover shocking, unacceptable: SBI tells SC"},"content":{"rendered":"<p>The State Bank of India on Monday said the order of the National Company Law Appellate Tribunal (NCLAT) upholding the transfer of grounded airline Jet Airways&#8217; ownership to Jalan Kalrock Consortium (JKC) is &#8216;shocking&#8217; and &#8216;completely unacceptable&#8217;. <\/p>\n<p>&#8220;It is a shocking order and is completely unacceptable. It reverses a Supreme Court ruling on the Rs 150 crore bank guarantee. We are supposed to collect Rs 4,400 crore; they are struggling to repay Rs 300 crore now,&#8221; Additional Solicitor General (ASG) Venkatraman, appearing for SBI, told the Supreme Court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The State Bank of India on Monday said the order of the National Company Law Appellate Tribunal (NCLAT) upholding the transfer of grounded airline Jet Airways&#8217; ownership to Jalan Kalrock Consortium (JKC) is &#8216;shocking&#8217; and &#8216;completely unacceptable&#8217;. &#8220;It is a shocking order and is completely unacceptable. It reverses a Supreme Court ruling on the Rs 150 crore bank guarantee. We are supposed to collect Rs 4,400 crore; they are struggling to repay Rs 300 crore now,&#8221; Additional Solicitor General (ASG) Venkatraman, appearing for SBI, told the Supreme Court.<\/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-642165","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\/642165","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=642165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/642165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=642165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=642165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=642165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}