Lenders Stay Firm On Demand For Liquidation Of Airline

Jet Airways Ltd. lenders, led by the State Bank of India, told the Supreme Court on Thursday that Jalan-Kalrock Consortium’s resolution plan for the airline’s revival isn’t sustainable anymore and re-iterated their stance on its liquidation.Appearing for the lenders, Additional Solicitor General of India N. Venkatraman said that the consortium has committed several infractions and referred to the consortium as ‘court birds’, stating that they are only using the court’s process for their…
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Source: https://www.ndtvprofit.com/law-and-policy/jet-airways-crisis-lenders-stay-firm-on-demand-for-liquidation-of-airline