The National Companies Law Tribunal (NCLT) has approved the Jet Airways resolution plan sent by a consortium of London-based CalRock Capital and UAE-based businessman Murari Lal Jalan.
Sources said, under the resolution plan, the NCLT has given 90 days to the Director General of Civil Aviation (DGCA) and the Ministry of Aviation (Ministry of Aviation) to allot slots to debt-ridden Jet Airways. The problem of giving domestic and international routes is still unsolved.
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The CalRock-Jalan consortium proposes to pay Rs 1,200 crore to banks, financial institutions and employees over the next five years, with plans to establish Jet Airways as a full-service airline with 30 aircraft.
