Jet 2.0: Flight of fancy

In October, a resolution plan by Murari Lal Jalan and Kalrock Capital—with an investment that’s pegged at ₹2,000 crore in reviving the airline—was approved by the airlines’ creditors. The plan was then put forth to the NCLT for its approval. “The release [from the new investors] seems to be putting some pressure on the resolution professional and the government to sort of work towards some timelines,” says Shriram Subramanian, founder and managing director, InGovern Research Services, a corporate governance advisory firm. “If someone is willing to plonk ₹2,000 crore, you give them the company tomorrow to start operations,” adds Subramanian.