The Supreme Court on Thursday instructed Jalan-Kalrock consrotium, the new owners of the cash-strapped Jet Airways, to deposit ₹150 crore in SBI’s escrow account by January 31. If the company fails to make the payment in said time then the consortium is not in compliance with the terms of resolution plan for reviving Jet Airways.
The top court also refused to allow the separate plea of the Jet Aircraft…
Read More…