NEW DELHI: The plan to revive bankrupt Jet Airways appeared in choppy waters as financial creditors led by SBI told Supreme Court on Wednesday that Jalan-Kalrock consortium, the successful bidder, had “not brought a farthing” till date and was trying to rewrite the revival scheme.On behalf of SBI-led lenders, solicitor general Tushar Mehta told a bench of CJI D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, “The total admitted claim of the financial creditors is Rs 7,800 crore but the financial package offered by Jalan-Kalrock, the successful resolution applicant, is Rs 4,783 crore, which is payable in tranches in five years. The financial creditors (banks) are struggling to…
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Jet Airways revival plan has hit air pocket, SBI-led lenders tell Supreme Court
