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NCLT clears Jalan Kalrock Consortium's resolution plan for Jet Airways

Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.

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Photo used for representational purpose. Pic/AFP

Photo used for representational purpose. Pic/AFP

The National Company Law Tribunal (NCLT) on Tuesday approved Jalan Kalrock Consortium's resolution plan for the bankrupt-Jet Airways.

Jet Airways, which suspended operations in April 2019, has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.

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