BREAKING NEWS
Protest against Kasturirangan report leads to case against Sullia MLA and others
B’luru: Rajasthan gang busted for job fraud cybercrime using student bank accounts
10 children dead, 16 battle for life after fire at Jhansi medical college
All 5 ‘guarantees’ implemented in Karnataka, PM and BJP spreading false information: Parameshwara
Siddaramaiah will resign as CM before Belagavi assembly session, claims BJP’s Vijayendra
Davanagere: Home Guard saves passenger from being crushed under moving train
Suriya-starrer ‘Kanguva’ mints Rs 58.62 crore in worldwide gross on day one
1951 Rolls Royce ordered by Nehru for Baroda ‘maharani’ becomes flashpoint in marital dispute
Mangaluru: Car catches fire near Kadri Police Station
700 kg drugs seized, 8 Iranians caught in anti-narcotics operation along Gujarat coast
Kumaraswamy demands SIT probe into allegation of Rs 50 cr for 50 Cong MLAs
SC seeks reasons for denying maternity leave to woman if adopted child aged above 3-month
PM serving interests of billionaires at expense of poor, alleges Rahul Gandhi
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KL Rahul suffers blow on elbow, management keeps close watch ahead of 1st Test against Australia
NCLT clears Jalan-Kalrock Consortium’s resolution plan for Jet Airways
PTI, Jun 22, 2021, 2:37 PM IST
New Delhi: The National Company Law Tribunal (NCLT) on Tuesday approved Jalan Kalrock Consortium’s resolution plan for the bankrupt-Jet Airways.
Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
In October 2020, the Committee of Creditors (CoC) of the grounded airline had approved the resolution plan submitted by a consortium of UK’s Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan.
In June 2019, NCLT admitted the insolvency petition against Jet Airways filed by the lenders’ consortium led by the State Bank of India.
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