The resolution professional of Jet Airways has filed a revival plan approved by the committee of creditors with the National Company Law Tribunal (NCLT), according to a stock exchange notification on Thursday.

If the NCLT gives the green signal, the winning consortium of Murari Lal Jalan and Florian Fritsch can pump in funds required to get the airline flying again.

"Further to our letter dated October 17, 2020 informing your good office about the approval of the resolution plan for Jet submitted by Mr. Murari Lal Jalan and Mr. Florian Fritsch by the committee of creditors... the resolution professional of Jet has duly filed the resolution plan as approved by the CoC with the Hon’ble National Company Law Tribunal, Mumbai Bench on November 5, 2020 in accordance with Section 30(6) of the Insolvency and Bankruptcy Code, 2016," said resolution professionalAshish Chhawchharia in the BSE filing.

On 18 October, lenders to Jet Airways (India) Ltd accepted a Rs 1,000-crore bid by a consortium of UK-based Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan to revive and operate the airline that got grounded on 17 April 2019.

Lenders have a combined claim of over Rs 25,000 crore against Jet Airways, which includes claims of over Rs 8,000 crore by financial creditors.