• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Wednesday, July 2, 2025
25 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Ind vs Eng 1st Test: Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng 1st Test: Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Stokes’ Decision Right, Execution Wrong

    IND vs Eng 1st test: Stokes’ Decision Right, Execution Wrong, Says Broad After India’s Batting Blitz

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    Women’s Asian Cup Qualifiers: India continue winning ways with 4-0 victory vs Timor-Leste

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    AIU provisionally suspends Twinkle Chaudhary for use of prohibited substance

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Bazball Brilliance: England Chase 371 to Stun India in Anderson-Tendulkar Trophy

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Cricket World Mourns: Former India Spinner Dilip Doshi Passes Away at 77

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Headingley Test: England Face 350-Run Chase as Rahul, Pant Centuries Set Up Thrilling Test Finish

    Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Ind vs Eng 1st Test: Rishabh Pant Rewrites Records with Twin Tons at Headingley

    Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng 1st Test: Rahul takes India’s lead to 96 runs after Bumrah’s fifer keeps England to 465

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Ind vs Eng Test 1: Josh Tongue Stars as India Crumble from 430/3 to 471 All Out

    Stokes’ Decision Right, Execution Wrong

    IND vs Eng 1st test: Stokes’ Decision Right, Execution Wrong, Says Broad After India’s Batting Blitz

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Jalan-Fritsch resolution proposal wins bid for Jet Airways

ENEWSTIME Desk by ENEWSTIME Desk
October 17, 2020
in Business
30
VIEWS
Share on FacebookShare on Twitter

Jet Airways on Saturday said that the resolution plan submitted by Murari Lal Jalan and Florian Fritsch has won the bid to acquire the airline.

The announcement was made by the resolution professional (RP) of Jet Airways, which is under the Insolvency and Bankruptcy Code (IBC) process via a regulatory filing.

Ashish Chhawchharia, RP for Jet Airways, said that the committee of creditors has concluded e-voting on the final resolution plans submitted by the two shortlisted bidders.

“The e-voting concluded today, October 17, and the resolution plan submitted by Murari Lal Jalan and Florian Fritsch has been duly approved by the CoC…,” the filing said.

“The ‘Resolution Professional’ is in the process of filing an application in accordance with Section 30(6) of the Code for approval of the said resolution plan by the NCLT and intimation of the same shall be given to the members as required.”

The 17th meeting of Committee of Creditors (CoC) of Jet Airways was held on October 3 and the final resolution plans submitted by two resolution applicants were discussed.

It was decided that they would be put up for e-voting by the CoC members. Once a resolution plan has been approved by the CoC with requisite majority, an application will be filed by the RP for approval by the NCLT.

Apart from the Jalan-Kalrock consortium, the other bids for Jet Airways are by Haryana-based Flight Simulation Technique Centre, Mumbai-based Big Charter and Abu Dhabi’s Imperial Capital Investments LLC.

Jalan is a UAE-based entrepreneur, who owns the company MJ Developers, and has interests in diverse sectors like real estate, mining, trading, construction, FMCG, travel and tourism and industrial works globally.

Jalan has investments in the UAE, India, Russia and Uzbekistan, among other places.

London-based Kalrock is a global firm operating in financial advisory and alternative asset management, managing significant partners’ assets across a number of clearly defined and diversified strategies and single investments, with focus on private markets.

It is mainly active in three verticals — real estate, venture capital and special situations.

Related Posts

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills
Business

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills

June 28, 2025
Indian Markets Soar: Sensex Jumps 1,000 Points, Nifty Reclaims 25,250 as Middle East Tensions Ease
Business

Indian Markets Soar: Sensex Jumps 1,000 Points, Nifty Reclaims 25,250 as Middle East Tensions Ease

June 24, 2025
NSE-Cyprus stock exchange pact marks new chapter in financial cooperation
Business

NSE-Cyprus stock exchange pact marks new chapter in financial cooperation

June 16, 2025
IndiGo denies reports on 4 pc stake sale to raise $1 billion
Business

IndiGo denies reports on 4 pc stake sale to raise $1 billion

June 16, 2025
Hong Kong-Delhi flight undergoing checks after technical issue, passengers being assisted: Air India (Lead)
Business

Hong Kong-Delhi flight undergoing checks after technical issue, passengers being assisted: Air India (Lead)

June 16, 2025
Global aviation experts join India’s probe into Ahmedabad Air India plane crash
Business

Global aviation experts join India’s probe into Ahmedabad Air India plane crash

June 16, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Proposal to Provide Bicycles to AMC cleanliness warriors: An eco-friendly move

On the eve of Doctors’ Day: GBP Hospital Scripts Third Kidney Transplant Triumph

Drones to be used to trace hook lines, dedicated power supply for Hospitals: Ratan Lal Nath

Tripura CM Explains Emergency Timeline, Highlights People’s Ordeal

Assam: Eviction drive conducted in Nalbari, 82 bighas cleared

Undemocratic Governance prevailing in Bengal, alleged Biplab Deb

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP