Supreme Court Reserves Judgment On Plea Against Jet Airways Transfer To JKC
<p>The Supreme Court on Wednesday reserved its verdict on a petition filed by the State Bank of India (SBI) and other creditors challenging the National Company Law Appellate Tribunal (NCLAT) order that upheld the resolution plan of grounded air carrier Jet Airways and approved the transfer of its ownership to Jalan-Kalrock Consortium (JKC).</p> <p>A bench comprising CJI DY Chandrachud and Justices JB Pardiwala and Manoj Misra today concluded hearing submissions of all parties including the appellant banks and the consortium and reserved the judgement.</p> <p>On March 12, an NCLAT order had upheld the resolution plan of the Jet Airways and approved the transfer of its ownership to the JKC. The order had further directed the… Read More »Supreme Court Reserves Judgment On Plea Against Jet Airways Transfer To JKC