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NCLT Rejects Jet Lite Employees’ Plea to Be Treated as Jet Airways Workmen in Liquidation
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NCLT Rejects Jet Lite Employees’ Plea to Be Treated as Jet Airways Workmen in Liquidation
The application, moved under Section 60(5)(b) of the Insolvency and Bankruptcy Code(IBC), 2016, contended that the employees had been seconded to Jet Airways in 2008 and worked under its direct control until operations ceased in April 2019. They argued that salary arrears, gratuity, and other dues should be admitted in Jet Airways’ liquidation waterfall under Section 53 of the Code. Senior Advocate Sowmya Saikumar, appearing for the applicants Y…
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