Raids on Kalrock Capital's investor: Jet Airways hopes to escape unhurt

Raids on Kalrock Capital’s investor Florian Fritsch would not have any impact on the Jet resolution plan, people close to the consortium buying the airline said.

“The resolution plan has already been approved by the committee of creditors and the National Company Law Tribunal (NCLT). Investors have put their money in this deal,” the source said.

The sources said that the raids are on an individual and do not amount to culpability. Also, the investor in the consortium is the PE fund and not an individual.

The person also said that Section 29A of the Insolvency and Bankruptcy Code (IBC), which bars certain