The Ministry of Civil Aviation (MoCA) and DGCA mentioned their stance to the National Company Law Tribunal (NCLT), which had on February 25 sought their responses to Jet Airways' slots issue

In January, the tribunal had issued a notice to the Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation (MoCA) to clear their stance on Jet's slots

Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation

Jet Airways will need $1 billion initial working capital, followed by $3 billion over the course of 5-7 years before the airline can break even; it needs to be seen whether the bidders can bankroll these expenses

If NCLT allows, Kalrock Capital and Murari Lal Jalan would have to take the airline off the ground again at a time when the aviation industry globally is in financial distress due to the pandemic

Resolution professional Ashish Chhawchharia is in the process of filing an application to secure NCLT's approval for the resolution plan by Kalrock Capital-Murari Lal Jalan combine

Stocks to watch today on September 29: Alkem Labs, IIFL Finance, Shalby, Central Bank of India, Max Healthcare among others are the top stocks to watch out for in Tuesay's trading session

Jet Airways share was stuck in the upper circuit of 5% at Rs 26.60 against previous close of Rs 25.35 on BSE

The insolvency professional had sought permission of the tribunal for the sale of the premises after a resolution was passed at the 10th committee of creditors (CoC) meeting held on April 24 with approval of 74.45 per cent votes

Sensex Live updates: After recovering from multi-year lows, BSE Sensex ended 1,325 points higher at 34,103 and Nifty closed 433 points higher at 10,023.

Share Market Update: BSE 30-share S&P Sensex ended 152 points lower at 41,170 and NSE 50-share index Nifty50 closed 45 points lower at 12,080.

Moreover, a team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways

A team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways

The share price of Jet Airways (India) has rallied 115 per cent against its all-time low price of Rs 15.10 on October 22, 2019. The stock had hit 52-week high of Rs 312 on January 15, 2019

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan

On Wednesday, Jet Airways share was locked in 4.82 per cent upper circuit at Rs 28.25 on the BSE against previous closing price of Rs 26.95. In the last 10 sessions, Jet Airways' share has surged 54 per cent from the level of Rs 18.39 on December 11

Jet Airways' stock touched an intraday high of Rs 26.95, rising 4.86% today, with 0.22 lakh and 0.34 lakh shares changing hands on BSE and NSE.

Share Market Update: Domestic indices Sensex and Nifty edged lower on Tuesday and fell 0.45% each by the closing bell today.

Stocks in the news: Jet Airways, Syndicate Bank, Canara Bank, IRCTC, JSW Energy, Hindalco, L&T Finance Holdings among others are the top stocks to watch out for Tuesday's trading session

The National Company Law Appellate Tribunal (NCLAT) has allowed the Dutch court administrator of Jet Airways to attend the Committee of Creditors (CoC) meetings of the debt-ridden carrier