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Creditors delayed resolution process for Jet Airways, winning bidder tells SC

By Economic Times - 4 weeks ago
Jalan Kalrock Consortium, granted ownership of Jet Airways, claims creditors have delayed the resolution process. The consortium faces Supreme Court appeals from banks accusing it of payment defaults. Banks argue delays are not their fault, while the consortium cites procedural hurdles causing financial losses. Jet Airways plans to relaunch in 2024 after being grounded since 2019.

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