Kalrock Capital Management Ltd. has raised questions over the transparency of the process following lenders' decision to seek revised bids for Jet Airways (India) Limited (BSE:532617). Kalrock has written to the lenders saying that the bid process should be completed transparently and quickly, pointing to the successful resolution of bankrupt Virgin Australia. A source familiar with resolution process said Kalrock's business plan had been ranked higher than Imperial Capital, LLC’s plan and another extension in bid submission may have made it jittery. On September 28, 2020, the committee of creditors (CoC) decided to give two bidders - Kalrock Capital and a consortium of Imperial Capital, Flight Simulation Technique Centre Pvt. Ltd. (FSTC) and Big Charters a few additional days to revise plans and submit their final offers. According to a report on Moneycontrol website, Kalrock Capital, in its letter, has asked the lenders to consider its last offer as final and vote on the plan before end of this month, "failing which we will struggle to continue engaging meaningfully with the Hon'ble CoC in what is fast becoming an exercise being run on the terms that FSTC Consortium sets out – rather than the Hon'ble CoC." Kalrock Capital did not respond to an emailed query. An e-mail sent to the resolution professional of Jet Airways seeking comments on the subject did not elicit any response. The State Bank of India, the lead lender, also did not respond to queries. Time is running out for the beleaguered airline company as the corporate insolvency resolution process (CIRP) is supposed to end on October 21, 2020. Hence, the Resolution Professional (RP) has to present a revival plan to the National Company Law Tribunal (NCLT) for approval before the CIRP deadline ends, provided the plan first gets approved by the committee of creditors (CoC).