The Mumbai bench of the National Company Law Tribunal (NCLT) will hear on Wednesday an application filed by the Jalan Kalrock consortium (JKC) on implementing the resolution plan of JetAirways.

Jalan Kalrock has said the lenders led by the State Bank of India (SBI) are delaying the implementation of the resolution plan by deploying coercive methods.

The consortium has said the resolution is not possible if the tribunal does not grant relief. It has also maintained that it has fulfilled all the conditions to implement the resolution plan.

Jet had stopped operations in April 2019, and JKC’s resolution plan was approved by the NCLT in June 2021. The airline was expected to resume operations in October.

The consortium said in a statement last month that while it is waiting for the handover of the company under the NCLT process, the longer-than-expected time being taken for the transfer may result in some “difficult but necessary near-term decisions’’ to manage its cash flows to secure the future.

JKC said it has deposited Rs 150 crore under the NCLTapproved resolution plan with the lenders.

The remaining amount will be invested only after the next steps of the tribunal are fulfilled in terms of the handover of the company.

In November, the lenders had submitted an affidavit to the NCLT where they said that the conditions have not been fulfilled and that control cannot be passed over to JKC. They added that one of the conditions was obtaining international traffic rights.

The consortium said the resolution plan allows the resumption of services with six aircraft. According to India’saviation rules, a domestic airline can go overseas only if it has 20 aircraft in its fleet.

The Jet Airways CabinCrew Association has filed an application before the NCLT seeking liquidation of the airline’s assets.