Jalan-Kalrock Consortium not ruling out Supreme Court appeal, Legal News, ET LegalWorld – Legal Firms

A board member of the Jalan-Kalrock Consortium said it disagrees with Jet Airways' lenders over certain aspects of settlement of dues in the first public admission from the consortium of the tussle between the two parties.Ankit Jalan did not rule out legal options like approaching the Supreme Court to resolve...

No flight plan in sight, lenders may sell 11 aircrafts, Legal News, ET LegalWorld – Legal Firms

Lenders to Jet Airways are keeping open the option of selling 11 planes of the defunct carrier, effectively pushing the airline into liquidation, as they are increasingly frustrated with the delay in executing the resolution plan.Bankers say the Jalan-Kalrock consortium's failure to pay the required amount even one-and-a-half years after...