SC asks Jalan-Kalrock Consortium to deposit Rs 150 crore in SBI escrow account within 2 weeks

New Delhi, Jan 18 (IANS) The Supreme Court on Thursday ordered Jalan Kalrock Consortium (JKC) – the successful resolution professional bidder for cash-strapped Jet Airways – to deposit an amount of Rs 150 crore within a period of two weeks. Advertising AdvertisingA bench, headed by CJI D.Y. Chandrachud said that this amount will be kept in an escrow account jointly held by the State Bank of India and JKC. The bench, also comprising Justices JB Pardiwala and Manoj…
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Source: https://m.sakshipost.com/amp/news/jet-airways-case-sc-asks-jalan-kalrock-consortium-deposit-rs-150-crore-sbi-escrow-account