Lenders purposely delaying Jet Airways revival: Jalan-Kalrock tells NCLT

'Can't take off if relief not granted'

In a fresh twist to the long Jet Airways saga, the Jalan-Kalrock Consortium (JKC), which won the bid to revive the grounded airline, has told the National Company Law Tribunal (NCLT) that the State Bank of India (SBI)-led group of lenders never wanted the resolution plan to be implemented. In its submission dated December 1, the consortium alleged that the lenders are “contorting facts”, deploying “coercive methods” and “purposely delaying” the implementation of the Jet revival plan on some pretext or the other.

JKC has stated that revival of Jet Airways “shall not be possible” if the NCLT does not grant