A seven-member monitoring committee will soon begin to manage the day-to-day affairs of Jet Airways till the resolution process for the airline is completed, the airline said in a regulatory filing. The development follows bankruptcy court’s approval for the resolution bid jointly submitted by Murari Lal Jalan and Kalrock Capital for Jet Airways, the airline said in a regulatory filing on Saturday.
“The Resolution Plan submitted by the consortium of Murari Lal Jalan and Florian Fritsch (Resolution Applicant) in the CIRP of Jet Airways (India) Limited that was approved by the members of committee of creditors of the Company (CoC) in their 17th meeting, has now been approved/allowed by the National Company Law Tribunal, Mumbai Bench (…
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