Jet Airways insolvency: Creditors question source of Rs 200 cr deposited by Jalan-Kalrock ConsortiumThe creditors of Jet Airways have raised concerns over the source of Rs 200 crore deposited by the Jalan-Kalrock Consortium, stating that i...
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...
Jet Airways' CoC asks Jalan Kalrock Consortium to pay Rs 350 croreBankrupt airline Jet Airways's CoC has asked the Jalan Kalrock Consortium to pay Rs 350 crore. The CoC said that they may not pursue the ap...
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....
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...
NCLT gives Jalan-Kalrock consortium 6 more months to pay & take control of Jet AirwaysThe National Company Law Tribunal (NCLT) on Friday gave Jalan-Kalrock consortium six more months till to make payment and take effective co...
Kalrock says probes into investor Fritsch have no impact on Jet Airways dealAsset manager Kalrock Capital Partners said on Monday that probes into its investor Florian Fritsch have no impact on its acquisition of In...
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 ...
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...
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...
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...
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...
NCLT approves resolution plan by Kalrock Capital and Murari Lal Jalan for Jet AirwaysThe bench presided by judicial members - Janab Mohammed Ajmal and V Nallasenapathy had reserved its order after hearing all parties, includ...
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 ...
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...
Murari Lal Jalan and Kalrock Capital file revival plan for Jet Airways in NCLTNational Company Law Tribunal (NCLT) has to approve the plan submitted by a consortium of UAE-based investor Murari Lal Jalan and London’s ...
Kalrock-Jalan consortium proposes Rs 1,000 cr investment in Jet; equity to lendersThis puts the consortium ahead of the other one in the fray, comprising of Haryana-based Flight Simulation Technique Centre, Mumbai's Big C...