News > Jet's takeoff now dependent on NCLT hearing amid reports of bickering between lenders, owners

Jet's takeoff now dependent on NCLT hearing amid reports of bickering between lenders, owners

With the Jet Airways 2.0 revival inordinately delayed, media reports citing unnamed bankers have suggested the plan is stuck owing to the non-fulfillment of payment obligations by the Jalan-Kalrock Consortium (JKC). The lenders have sought an advance payment of Rs 185 crore before they could initiate the process of ownership transfer. The lenders have also questioned the conditions precedent met by the consortium concerning slot allotment and international traffic rights.