Big win for Jalan-Kalrock in the race to revive Jet Airways

The recent NCLT order boosts its chances of taking control of the grounded airline, but the lenders can still force a change in flight plan.

It’s 7.30 am UK time. Ankit Jalan is about to take a flight out of Dublin, after attending the Airline Economics conference that had the world’s largest aircraft manufacturers, leasing companies and financiers in attendance. He is a nephew of Murari Lal Jalan—who is one half of the Jalan-Kalrock consortium, the successful resolution applicant in the Jet Airways bankruptcy proceedings—and was in the Ireland capital to help kick-start the revival of the grounded airline. 

Just a week ago, the consortium got a fresh boost. In an order on 13 January, the Mumbai bench of the National Company Law Tribunal allowed …


Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

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