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JET AIRWAYS RESOLUTION
India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...- Grounded Jet Airways to transfer Mumbai office space lease for Rs 370 croreJet Airways, currently undergoing liquidation after ceasing operations in 2019, has agreed to transfer the lease of its Mumbai office space...
- Jet Airways resolution: SC asks Jalan Kalrock Consortium to deposit Rs 150 cr before Jan 31The Supreme Court has directed the Jalan-Kalrock consortium to deposit Rs 150 crore with the State Bank of India escrow account by January ...
- Apex court to examine JKC's resolution plan for Jet AirwaysThe Supreme Court will review the resolution plan submitted by the Jalan-Kalrock consortium for the takeover of bankrupt Jet Airways. The c...
- Implementation of Jet Airways resolution plan subject to outcome of order, says NCLAT"We fix these Appeals on July 5, 2022 and make it clear that implementation of the resolution plan shall abide by the result of these Appea...
- NCLAT issues notice over PNB's plea against Jet Airways resolution planPNB has challenged the approval of the Resolution Plan by Kalrock-Jalan Consortium on June 22, 2021, by the Mumbai bench of the NCLT. The b...
- Jet Airways owes employees between Rs 3 lakh and Rs 85 lakh. New owners want to pay Rs 23,000 to eachThe cash payment proposed by Kalrock-Jalan for each staffer is a token sum of Rs 11,000 and then Rs 5,100 towards medical reimbursements fo...
- NCLT issues written order approving resolution plan for Jet AirwaysA separate order regarding the directions would be issued later by the tribunal.
- Hope to see Jet Airways flying again by year end, says airline's resolution professional"We are delighted with the go-ahead to the plan. Certainly, we are quite hopeful of the airline's revival. And if all go well, we hope that...
- Jet Airways insolvency resolution journeyA brief timeline of the insolvency resolution process of Jet Airways, which started off as an air tax operator in 1993 and became a schedul...
- Slots for Jet Airways will be based on existing norms, not historicity: Government tells NCLTJet Airways, which shuttered operations in April 2019, is undergoing resolution process under the Insolvency and Bankruptcy Code (IBC). The...
- Jet Airways resolution process: MoCA, DGCA say no deemed approvals for slotsNCLT is considering the resolution plan submitted by Kalrock-Jalan Consortium for the airline. The plan has already been approved by the Co...
- 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...
- 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...
- Jet Airways hits upper circuit after CoC approves resolution plan“The resolution submitted by Murali Lal Jalan and Florian Fritsch has been duly approved by the CoC under Section 30(4) of the Code as the ...
- Jet Airways insolvency resolution professional seeks fresh EoI for defunct airlineThis is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.
- NCLT allows 90 days' extension for Jet Airways insolvency processJet Airways' resolution professional had last week filed an application in NCLT seeking 90 days' extension for the insolvency process of th...
- Jet Airways Resolution Professional seeks 90 days extension for bids from NCLTThe committee of creditors (CoC) had on February 18 set the new deadline of March 10 for submission of bids for the grounded airline after ...
- JetLite staff moves NCLT to be part of Jet’s insolvency resolutionOn Friday, the employees approached the Mumbai bench of the National Company Law Tribunal (NCLT) with the argument that when they had appro...
- Decision on funding to Jet Airways to be on collective basis, says PNBThe assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways.
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