News for ACE Aviation Holdings Inc. (ACE-H.V)

The National Company Law Appellate Tribunal dealt a setback to Jalan Kalrock Consortium, the successful bidder for the revival of Jet Airways (India) Ltd. on Friday. The consortium's plea challenging the sale of the airline's aircraft was dismissed by the tribunal. The NCLAT clarified that the sale of the aircraft would not impact the rights of any stakeholders involved in the airline.