{"id":642227,"date":"2024-04-23T11:07:59","date_gmt":"2024-04-23T05:37:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=642227"},"modified":"2024-04-23T11:29:17","modified_gmt":"2024-04-23T05:59:17","slug":"jet-airways-ownership-transfer-sc-agrees-to-hear-lenders-appeal-against-nclt-order","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-ownership-transfer-sc-agrees-to-hear-lenders-appeal-against-nclt-order\/","title":{"rendered":"Jet Airways ownership transfer: SC agrees to hear lenders&#8217; appeal against NCLT order"},"content":{"rendered":"<p>The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders&#8217; appeal against the National Company Law Appellate Tribunal\u2019s order that upheld the transfer of ownership of grounded Jet Airways to Jalan Kalrock Consortium (JKC). The NCLAT verdict has come almost a year after it permitted the transfer of ownership to the successful bidder in January last year.<br \/>\nAdditional Solicitor General Venkatraman, who appeared for the lenders, told a bench led by Chief Justice DY Chandrachud that the NCLAT order is \u201cshocking\u201d and is \u201ccompletely 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Monday agreed to hear the State Bank of India-led consortium of lenders&#8217; appeal against the National Company Law Appellate Tribunal\u2019s order that upheld the transfer of ownership of grounded Jet Airways to Jalan Kalrock Consortium (JKC). The NCLAT verdict has come almost a year after it permitted the transfer of ownership to the successful bidder in January last year. Additional Solicitor General Venkatraman, who appeared for the lenders, told a bench led by Chief Justice DY Chandrachud that the NCLAT order is \u201cshocking\u201d and is \u201ccompletely unacceptable. It reverses a Supreme Court ruling on the Rs [&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-642227","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\/642227","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=642227"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/642227\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=642227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=642227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=642227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}