Question
The National Company Law Appellate Tribunal (NCLAT)
recently approved the transfer of ownership of Jet Airways to which consortium, upholding the National Company Law Tribunal's (NCLT) order?Solution
The National Company Law Appellate Tribunal (NCLAT) recently greenlit the transfer of ownership of Jet Airways to the Jalan Kalrock Consortium (JKC), the successful bidder for the grounded airline. This decision upheld the order of the National Company Law Tribunal (NCLT), which had permitted the transfer of ownership to JKC in January last year.
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