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JALAN CONSORTIUM
JKC completes infusion of Rs 350 cr in Jet Airways, says airline will start ops in 2024The Jalan Kalrock Consortium has deposited Rs 100 crore in Jet Airways, bringing their total investment in the grounded carrier to Rs 350 c...29 Sep, 2023, 02.57 PM IST- Jalan-Kalrock Consortium eyes control of Jet Airways by year endThe consortium on August 31 deposited Rs 100 crore as part of its payment plan to lenders which amounts to Rs 350 crore. Another tranche of...14 Sep, 2023, 12.27 AM IST
- Jalan-Kalrock Consortium appoints Jatinderpal Singh Dhillon as accountable manager for Jet AirwaysJalan-Kalrock Consortium, the winning bidder for Jet Airways, has appointed Jatinderpal Singh Dhillon as the airline's accountable manager....26 Jul, 2023, 07.03 PM IST
- Jet Airways insolvency: Creditors say Jalan-Fritsch resolution plan unviable, unworkableThe State Bank of India-led lenders on the monitoring committee of debt laden airline Jet Airways on Monday told the Supreme Court that the...11 Jul, 2023, 01.37 AM IST
- Jalan-Kalrock committed to revive Jet Airways despite SC setback“The consortium has spent considerable time and expense to revive the airline,” said the person who requested not to be identified. “Though...09 Feb, 2023, 06.59 AM IST
- SC upholds NCLAT order on payment of dues to former employees of Jet AirwaysThe top court refused to entertain a plea moved by the consortium and upheld the National Company Law Appellate Tribunal's (NCLAT) order.31 Jan, 2023, 12.05 AM IST
- Jalan-Kalrock to transfer Rs 130 crore rental earnings to Jet Airways' lendersHowever, the Jalan-Kalrock Consortium, which has won the bid to acquire the company under the Insolvency and Bankruptcy Code (IBC), cannot ...30 Aug, 2022, 12.58 AM IST
- Jet lenders threaten insolvency over aircraft rental proceedsThe Jalan-Kalrock consortium has sought time until next week for a decision, the same person said. The resolution plan approved by the Nati...22 Jul, 2022, 11.11 AM IST
- NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways' workmenThe development comes almost seven months after the Mumbai bench of the NCLT approved the Jalan-Kalrock Consortium's resolution plan in Jun...20 Jan, 2022, 03.26 PM IST
- Jet Airways defers fresh take-off plans for the fourth timeThe new owners of Jet Airways have deferred the commencement of its operations for the fourth time in a year, even as the airline continues...14 Sep, 2021, 05.47 AM IST
- Jet to commence operations next March as legal issues continue to plague airlineJet Airways will commence operations in the first quarter next year, even though it continues to be trapped in legal complications. In a pr...13 Sep, 2021, 12.11 PM IST
- Bankruptcy court approves Kalrock-Jalan’s resolution plan for revival of Jet AirwaysThe Mumbai bench of the National Company Law Tribunal presided by judicial members - Janab Mohammed Ajmal and V Nallasenapathy while allowi...23 Jun, 2021, 08.04 AM IST
- NCLT directs DGCA to file its affidavit on granting slots to Jet AirwaysSenior Counsel, Shyam Mehta, appearing for the DGCA and Ministry informed the Mumbai bench of NCLT that there is no immediate slot availabl...03 Mar, 2021, 03.50 PM IST
- NCLT grants more time to DGCA for responding on Jet Airways slotsThe tribunal heard the resolution plan submitted by the winning bidder Kalrock-Jalan Consortium for grounded Jet Airways. In January, the t...25 Feb, 2021, 10.30 PM IST
- Jet's would be owner also planning airport, airline in UzbekistanThe National Company Law Tribunal (NCLT) is hearing the Kalrock-Jalan consortium’s revival plan for bankrupt carrier Jet Airways. The plan ...25 Feb, 2021, 08.50 PM IST
- Kalrock-Jalan to pay Rs 1,183 crore to Jet's creditors over 5 yearsOutside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways’ stake in Jet’s loyalty programme, Jet Privile...24 Feb, 2021, 10.10 AM IST
- If all goes well for Kalrock-Jalan consortium, Jet Airways could resume operations by summer next yearThe resolution proceedings went on for more than a year before Jet found a new investor in the Jalan-Kalrock consortium. Jet stopped operat...08 Dec, 2020, 07.22 AM IST
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