Kalorck Capital raises concerns over transparency of Jet resolution process

Kalrock Capital, one of the two bidders participating in the revival of Jet Airways, has raised questions over the transparency of the process following lenders' decision to seek revised bids.
 

Kalrock has written to the lenders saying that the bid process should be completed transparently and quickly, pointing to the successful resolution of bankrupt Virgin Australia. A source familiar with resolution process said Kalrock's business plan had been ranked higher than Imperial Capital's plan and another extension in bid submission may have made it jittery.
 

On Monday, the committee of creditors (CoC) decided to give two bidders - Kalrock Capital