Jet Airways: Jalan-Kalrock Consortium Pays Rs 100 Crore, Lenders To Wait For More Clarity

The Jalan-Kalrock Consortium, which was identified as a successful resolution application for Jet Airways Ltd., paid Rs 100 crore to the airline’s lenders on Thursday.The payment is part of the Rs 350 crore, which the applicant is expected to pay lenders by Sept. 30, to take control of the ailing Jet Airways under the Insolvency and Bankruptcy Code. Another Rs 150 crore of the dues will be adjusted against performance bank guarantees...