Jet Airways achieved legal triumph as NCLAT dismissed the creditor’s attempt to cash in a bank guarantee worth 1.5 billion rupees.
Jet Airways
On May 22, the National Company Law Appellate Tribunal (NCLAT) reserved judgement in a case brought by Jalan Kalrock Consortium (JKC), the management replacement for Jet Airways.
The upcoming Friday (May 19) holds significance for the Jalan Kalrock Consortium (JKC), the winning bidder for Jet Airways, as it marks the final day of their air operator’s permit (AOP) granted by the Directorate General of Civil Aviation.