The National Company Law Tribunal (NCLT) is more likely to start listening to the decision plan of Jet Airways for approval on Tuesday, mentioned the Resolution Professional of Jet Airways, Ashish Chhawcharria.
Last yr in October, the collectors of Jet Airways permitted a decision plan submitted by a consortium of UK-based Kalrock Capital and UAE-based businessman Murari Lal Jalan.
On Monday, the NCLT dismissed pleas of no less than 5 worker associations of Jet Airways together with Cabin Crew Association, JAMEWA and NAG for sharing the decision plan of the airline with its staff.
Shares of Jet Airways rose 4.98 per cent to hit the higher circuit restrict of Rs 114.90 a bit on the BSE Monday after Jalan mentioned tthe airline is more likely to start its operations inside 4 to 6 months of NCLT clearance.