Jet Airways’ takeoff plan hits fresh turbulence as PNB moves NCLAT

Jet Airways’ plan to resume flying operations from next year may hit fresh turbulence as state-run lender Punjab National Bank (PNB) has approached the National Company Law Appellate Tribunal (NCLAT), requesting it to quash the rescue plan for the debt-laden airline. PNB alleged that there were irregularities in the…

Jet Airways: NCLT set to pronounce final verdict on Kalrock-Jalan consortium plan today

A two-member bench of the National Company Law Tribunal (NCLT) is set to pronounce its final ruling on the Kalrock Capital and Murari Lal Jalan consortium resolution plan for Jet Airways this morning. The Mumbai bench of NCLT has listed the matter for final orders at 10.30 am today. The two-judge bench presided by…