SC orders Jet’s new owners to deposit Rs 150 crore

NEW DELHI: Supreme Court on Thursday ordered the Jalan-Kalrock consortium, whose Rs 4,783 crore financial package for revival of bankrupt Jet Airways has been approved, to deposit Rs 150 crore by Jan 31 to keep the resolution plan afloat, despite the lenders in SBI-led banking consortium accusing the foreign entity of lacking in intent to implement the airline’s revival plan.Under the agreed reworked payment schedule for the first tranche of Rs 350 crore, the National Company Law Appellate…
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Source: https://timesofindia.indiatimes.com/business/india-business/sc-orders-jets-new-owners-to-deposit-rs-150-crore/articleshow/106970681.cms?from=mdr