<p>A brief timeline of the insolvency resolution process of Jet Airways, which started off as an air tax operator in 1993 and became a scheduled carrier in 1995.</p>.<p>April 17, 2019 -- Cash-starved Jet Airways suspends operations</p>.<p>June 20, 2019 -- National Company Law Tribunal (NCLT) insolvency petition filed by SBI-led lenders' consortium</p>.<p>March 13, 2020 -- Jet Airways seek more time for resolution process from NCLT after failing to attract any bidders</p>.<p>March 18, 2020 -- NCLT allows more time for resolution process</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/jet-airways-shares-gain-5-hit-upper-circuit-limit-as-nclt-clears-resolution-plan-1000221.html" target="_blank">Jet Airways shares gain 5%, hit upper-circuit limit as NCLT clears resolution plan</a></strong></p>.<p>June 14, 2020 -- NCLT allows Jet Airways to sell its premises in Bandra Kurla Complex (BKC), Mumbai to settle claims, clear overseas debt</p>.<p>October 17, 2020 -- Committee of Creditors (CoC) approves Jalan Kalrock Consortium's resolution plan. The consortium also asks for restoration of slots on the basis of historicity</p>.<p>February 25, 2021 -- NCLT grants more time to aviation regulator DGCA to respond to airline's request for slots</p>.<p>March 9, 2021 -- DGCA and the civil aviation ministry refuses to give any assurances on slots in an affidavit submitted to NCLT</p>.<p>June 3, 2021 -- Ministry tells NCLT that Jet Airways does not qualify for grant of slots on the basis of historic precedence</p>.<p>June 22, 2021 -- National Company Law Tribunal (NCLT) approves Jalan Kalrock Consortium's resolution plan; says slot allocations will be decided by the ministry or appropriate authority. </p>
<p>A brief timeline of the insolvency resolution process of Jet Airways, which started off as an air tax operator in 1993 and became a scheduled carrier in 1995.</p>.<p>April 17, 2019 -- Cash-starved Jet Airways suspends operations</p>.<p>June 20, 2019 -- National Company Law Tribunal (NCLT) insolvency petition filed by SBI-led lenders' consortium</p>.<p>March 13, 2020 -- Jet Airways seek more time for resolution process from NCLT after failing to attract any bidders</p>.<p>March 18, 2020 -- NCLT allows more time for resolution process</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/jet-airways-shares-gain-5-hit-upper-circuit-limit-as-nclt-clears-resolution-plan-1000221.html" target="_blank">Jet Airways shares gain 5%, hit upper-circuit limit as NCLT clears resolution plan</a></strong></p>.<p>June 14, 2020 -- NCLT allows Jet Airways to sell its premises in Bandra Kurla Complex (BKC), Mumbai to settle claims, clear overseas debt</p>.<p>October 17, 2020 -- Committee of Creditors (CoC) approves Jalan Kalrock Consortium's resolution plan. The consortium also asks for restoration of slots on the basis of historicity</p>.<p>February 25, 2021 -- NCLT grants more time to aviation regulator DGCA to respond to airline's request for slots</p>.<p>March 9, 2021 -- DGCA and the civil aviation ministry refuses to give any assurances on slots in an affidavit submitted to NCLT</p>.<p>June 3, 2021 -- Ministry tells NCLT that Jet Airways does not qualify for grant of slots on the basis of historic precedence</p>.<p>June 22, 2021 -- National Company Law Tribunal (NCLT) approves Jalan Kalrock Consortium's resolution plan; says slot allocations will be decided by the ministry or appropriate authority. </p>