Jalan-kalrock Consortium

Jet Airways' grounded assets will be liquidated, the Supreme Court said, invoking 'extraordinary' powers under Article 142 to set aside a National Company Law Appellate Tribunal decision upholding resolution and approving transfer of ownership.

The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI's escrow account by January 31.

The Supreme Court on Wednesday asked the Jalan-Kalrock consortium, the new owners of cash-strapped Jet Airways, how much have they paid towards dues on account of provident funds and gratuity to former employees of the troubled airline.

The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.

Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Monday said aviation regulator DGCA has renewed the airline's air operator certificate.

The tribunal, which had already approved the consortium's resolution plan for Jet, also set the effective date of ownership as Nov. 16, 2022, the sources said.

Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner - Jalan-Kalrock consortium - to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is going to restart its operation.

The Jalan-Kalrock Consortium has selected IBS Software, a Thiruvananthapuram technopark-based SaaS solutions provider to the travel industry globally, as technology partner to deliver capabilities in passenger service system to Jet Airways, which is planning to relaunch commercial operations in September 2022.

All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan.

All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline.

Jet Airways has completed the second, and the last, set of two proving flights and now awaits the grant of air operator certificate (AOC) by aviation regulator Directorate General of Civil Aviation (DGCA), its owner Jalan-Kalrock Consortium

Jet Airways' grounded assets will be liquidated, the Supreme Court said, invoking 'extraordinary' powers under Article 142 to set aside a National Company Law Appellate Tribunal decision upholding resolution and approving transfer of ownership.

The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI's escrow account by January 31.

The Supreme Court on Wednesday asked the Jalan-Kalrock consortium, the new owners of cash-strapped Jet Airways, how much have they paid towards dues on account of provident funds and gratuity to former employees of the troubled airline.

The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 for the Jalan-Kalrock Consortium to pay Rs 350 crore to the lenders of the now-bankrupt Jet Airways.

Jalan-Kalrock Consortium, the winning bidder for bankrupt Jet Airways, on Monday said aviation regulator DGCA has renewed the airline's air operator certificate.

The tribunal, which had already approved the consortium's resolution plan for Jet, also set the effective date of ownership as Nov. 16, 2022, the sources said.

Insolvency appellate tribunal NCLAT on Friday directed Jet Airways' new owner - Jalan-Kalrock consortium - to pay the unpaid provident fund and gratuity dues of employees of the carrier, which is going to restart its operation.

The Jalan-Kalrock Consortium has selected IBS Software, a Thiruvananthapuram technopark-based SaaS solutions provider to the travel industry globally, as technology partner to deliver capabilities in passenger service system to Jet Airways, which is planning to relaunch commercial operations in September 2022.

All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan.

All India Jet Airways' Officers and Staff Association on Thursday said it has filed an appeal before the NCLAT against Jalan-Kalrock consortium's resolution plan for the airline.

Jet Airways has completed the second, and the last, set of two proving flights and now awaits the grant of air operator certificate (AOC) by aviation regulator Directorate General of Civil Aviation (DGCA), its owner Jalan-Kalrock Consortium