Dhaka, Jan. 14 -- The National Company Law Tribunal (NCLT) on Friday (Jan 13) approved the transfer of ownership of bankrupt Jet Airways to the Jalan-Kalrock consortium and gave the winning bidder more time to pay the dues to the creditors.

The latest rulings have come on two petitions filed by the consortium. One plea pertained to approval of transfer of ownership and the second one related to extension of time for the payment of dues to the creditors.

Earlier, the tribunal had given time till November 16, 2022 for the consortium to make the payments to the creditors of the airline.

The latest orders also come against the backdrop of differences between the consortium and the lenders of the airline, which has been grounded for nearly ...