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Jet lenders ask JKC to clarify on probe
Mint Mumbai
|October 10, 2023
Lenders to Jet Airways Ltd on Monday informed the Supreme Court that they have requested Jalan-Kalrock Consortium (JKC) to officially confirm, through an affidavit, whether their investor Florian Fritsch faced fraud investigations by European authorities.
Senior lawyer Harish Salve appearing on behalf of the lenders expressed concerns over the banks’ funds being stuck while the accused Florian Fritsch—promoter of Kalrock Capital—is employing tactics by depositing ₹200 crore in two instalments.
In response, senior counsel Mukul Rohatgi, representing JKC, argued that lenders have been demanding money at each stage, despite JKC depositing ₹350 crore.
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