Jet Airways: Seven-member monitoring panel to manage airline under resolution plan
The Hindu
On June 22, the National Company Law Tribunal (NCLT) approved the consortium's resolution plan for grounded Jet Airways, subject to certain conditions.
A seven-member monitoring committee, including members appointed by the winning bidder Jalan Kalrock Consortium and the lenders, will soon start managing the day-to-day affairs of Jet Airways till the resolution process is complete. Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing.
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