Jet Airways revival: NCLT to hear Kalrock-Jalan application on Tuesday

The 270-day deadline given to the group to implemey its plan ends on Tuesday; the consortium wants certain days excluded from this time frame in view of another pending application

The Kalrock-Jalan consortium outlined the progress in the revival of Jet Airways on Monday, while seeking more time for the execution of its plans.

The consortium made a submission to this effect before the National Company Law Tribunal. The tribunal will now hear the application on Tuesday as lenders counsel Janak Dwarkadas did not have instructions on the matter.

Last June, the NCLT cleared the consortium’s scheme to revive Jet Airways. As per the plan, the consortium has 270 days to fulfill conditions required for its implementation. The deadline ends on Tuesday and the consortium wants exclusion of a certain