A quick timeline of the insolvency decision technique of Jet Airways, which began off as an air tax operator in 1993 and have become a scheduled service in 1995.
April 17, 2019 — Cash-starved Jet Airways suspends operations
June 20, 2019 — National Company Law Tribunal (NCLT) insolvency petition filed by SBI-led lenders’ consortium
March 13, 2020 — Jet Airways search extra time for decision course of from NCLT after failing to draw any bidders
March 18, 2020 — NCLT permits extra time for decision course of
June 14, 2020 — NCLT permits Jet Airways to promote its premises in Bandra Kurla Complex (BKC), Mumbai to settle claims, clear abroad debt
October 17, 2020 — Committee of Creditors (CoC) approves Jalan Kalrock Consortium’s decision plan. The consortium additionally asks for restoration of slots on the premise of historicity
February 25, 2021 — NCLT grants extra time to aviation regulator DGCA to answer airline’s request for slots
March 9, 2021 — DGCA and the civil aviation ministry refuses to present any assurances on slots in an affidavit submitted to NCLT
June 3, 2021 — Ministry tells NCLT that Jet Airways doesn’t qualify for grant of slots on the premise of historic priority
June 22, 2021 — National Company Law Tribunal (NCLT) approves Jalan Kalrock Consortium’s decision plan; says slot allocations will probably be determined by the ministry or applicable authority.
