The Supreme Court of India will hear an appeal against a National Company Law Appellate Tribunal (NCLAT) decision to allow ownership of Jet Airways (JAI, Mumbai International) to transfer to the Jalan Kalrock Consortium (JKC).

Indian court records show that the State Bank of India, JC Flowers Asset Reconstruction Private Limited, and the Punjab National Bank filed the appeal on April 15, naming the consortium of Murari Lal Jalan and Florian Fritsch, along with former Jet Airways resolution professional Ashish Chhawchharia, as respondents. The…

Source: ch aviation
Read more: New legal hurdle for JKC's takeover of India's Jet Airways