Kalrock-Jalan consortium confident of getting NCLT nod for Jet revival plan

The consortium wants to restart Jet Airways as a full service airline with bases in Mumbai, Delhi and Bengaluru

The consortium of Kalrock Capital and Murari Lal Jalan is confident of getting the nod for its plan to revive Jet Airways and is not backing out of the resolution process, it said on Thursday.
 
The two parties issued a joint statement amid delays in approval of resolution plan and speculation of their exit.
 
In the joint statement, Jalan and Manoj Madnani, board member of Kalrock Capital, said, “The Jalan-Kalrock Consortium is committed towards their submitted resolution plan and for the revival of Jet Airways and have no intentions of withdrawing from the ongoing resolution process. The consortium