On 10th August, Ace Aviation, a potential buyer of Jet Airways aircraft, claimed that the Jalan Kalrock Consortium(JKC) is preventing the sale of the planes while the lenders of the grounded carrier are prepared to sell. Jalan Kalrock Consortium, a bidder for the financially challenged Jet Airways, received permission from the National Company Appellate Tribunal (NCLAT) for the execution of the revival strategy. The consortium has stated to invest Rs 350 crore, out of which Rs 250 crore have already been invested. The discussion revolves around investing the remaining Rs 100 crore by September 30 to take control of the airline. On August 28, the consortium received an extension of time to pay the needful amount to take over the complete control.
On 30 August, the Mumbai bench of the National Company Law Tribunal (NCLT) asked to hold on the sale of the Jet Aircraft planes. Ace Aviation appealed and requested NCLAT against the interim order by the NCLT to hear its case within two weeks. The buyer of Jet Airways aircraft are extremely interested in purchasing the aircraft and pointed out that the consortium has stated in their resolution plan that they are not interested in keeping the aircraft and can put it for sale. In the previous hearing, NCLAT expressed a desire to settle dues between the lenders and the Jalan-Kalrock Consortium before allowing for the sale of the aircraft. With extreme disappointment, Ace Aviation has argued that the asset valuation of the parked aircraft has been declining due to the ongoing deadlock between the lenders and the consortium.