"jalan-kalrock-consortium"

Collapse of Jet Airways is a disheartening development for India -- the third-largest domestic aviation market in the world

A Bench led by Chief Justice D.Y. Chandrachud upheld the lenders' plea opposing the transfer of ownership of the grounded airline to the Jalan Kalrock Consortium (JKC). The Bench, which also included Justices J.B. Pardiwala and Manoj, used its extraordinary powers under Article 142 of the Constitution to ensure "complete justice" between the parties, ordering the immediate appointment of a liquidator.

Set aside NCLAT decision upholding the resolution plan of Jet Airways and approves transfer of its ownership to Jalan Kalrock Consortium

A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra will pronounce the verdict which was reserved on October 16.

Hyderabad: Jalan Kalrock consortium, new promoters of Jet Airways, appointed Vipula Gunatilleka as chief financial officer (CFO). He will be joining on March 1, 2022. Gunatilleka was the CEO of SriLankan Airlines until January 2022 and had led the national carrier during the pandemic. Prior to joining SriLankan Airlines, he was the CFO & Board […]

Grounded carrier Jet Airways on Wednesday reported a loss of Rs 153.35 crore for the June quarter of the last financial year.

The plan will have to be implemented in 90 days starting from June 22

Says it will restart operations in four to six months after receiving approval from the NCLT for its resolution plan