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NCLT JET AIRWAYS
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...- Boom, bust and a possible revival: The Jet Airways story so farThe Jalan Kalrock consortium has successfully obtained renewal for the Airport Operator Certificate (AOC) of Jet Airways from the Directora...
- Lenders seek stay on Jet's transfer to Jalan-Kalrock ConsortiumThe NCLT had approved the transfer of Jet Airways' ownership on January 13, despite the lenders' contention that the consortium had not ful...
- Three Jet Airways executives quit as airline awaits relaunchAll three executives are nominated post holders under rules of aviation regulator DGCA. This means, these positions will have to be compuls...
- Jalan-Kalrock consortium approaches NCLT to fast-track Jet Airways resolutionThe Murari Lal Jalan and Florian Fritsch consortium, which emerged as the winning bidder for Jet Airways after the completion of the resolu...
- 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...
- Jalan Kalrock Consortium says it will decide next step after studying NCLT's written orderThe National Company Law Tribunal (NCLT) on Tuesday approved the consortium's resolution for Jet Airways, which was grounded in April 2019.
- Jet Airways shares more than halved since closure of operations in 2019Shares of Jet Airways on Tuesday jumped 5 per cent on the bourses.
- 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...
- Slot allotment issue expected to be resolved soon: Jet Airways' stakeholders tell NCLTAccording to them, there were two meetings held between the winning bidders for Jet Airways -- UAE-based businessman Murari Lal Jalan and U...
- 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...
- 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...
- JetLite employees seek dues; plans to move NCLTShekhar Nanavaty, a lawyer representing around 150 employees of JetLite, told reporters that they plan to move the NCLT for inclusion of th...
- Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airlineJet owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.
- Jet plunges over 13%, hits all-time lowDGCA has cancelled critical authorisations to Jet Airways’ engineering department.
- Lenders discussing ways to revive Jet Airways; fund infusion likely soonAmid acute financial crunch crippling its operations, Jet Airways management is awaiting clarity on receiving fresh funds after which a dec...
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