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NCLAT reserves order in Jet Airways ownership transfer case

By Economic Times - 8 months ago
While JKC had transferred Rs 200 crore to the lenders account by September 30, 2023, it had won a favourable order from NCLAT for adjustment of the performance bank guarantee of Rs 150 crore. The order was later overturned by SC, which asked JKC to deposit Rs 150 crore by January 31.

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