SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2019 Supreme(NCLAT) 498

S.J.MUKHOPADHAYA, A.I.S.CHEEMA, KANTHI NARAHARI
Jet Airways (India) Ltd. – Appellant
Versus
State Bank of India – Respondent


Advocates:
Advocate Appeared:
For the Appellants : Mr. Sumant Batra, Ms. Priyanka Anand, Ms. Srishti Kapoor.
For the Respondents: Ms. Gauri Rasgotra, Mr. Karan Khanna, Ms. Ritu Anand, Mr. Krishnendu Datta, Ms. Anindita Roy Chowdhury, Mr. Aditya Chatterjee, Ms. Mehak Khurana.

ORDER :

1. Pursuant to our directions, the Administrator of ‘Jet Airways (India) Limited’ (Offshore Regional Hub) and the ‘Resolution Professional’ of ‘Jet Airways (India) Limited’ have filed their ‘Terms & Conditions’ of agreement termed as “Cross Border Insolvency Protocol’. All the clauses have been accepted by each party except ‘Clause No. 6.1.2’ which relates to participation of the ‘Dutch Trustee’ (Administrator) in the meeting of the ‘Committee of Creditors’. The agreed ‘Terms & Conditions’ of ‘Cross Border Insolvency Protocol’ as excluding clause 6.1.2 reads as follows:

    “CROSS-BORDER INSOLVENCY PROTOCOL

THIS PROTOCOL IS DATED [*] AND ENTERED INTO BETWEEN:

(1) Ashish Chhawchharia, in his capacity as the Resolution Professional of Jet Airways (India) Limited, a company incorporated under the provisions of the Companies Act, 1956, and an existing company under the Companies Act, 2013 and having its registered office at Siroya Centre Sahar Airport Road, Andheri (East) Mumbai 400099, India (the “Company”), appointed by the order of the National Company Law Tribunal, Mumbai Bench, India, ("NCLT") dated 20 June 2019 (the "RP").

(2) Rocco Mulder, in his capacity as the administrator in

        Click Here to Read the rest of this document
        1
        2
        3
        4
        5
        6
        7
        8
        9
        10
        11
        SupremeToday Portrait Ad
        supreme today icon
        logo-black

        An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

        Please visit our Training & Support
        Center or Contact Us for assistance

        qr

        Scan Me!

        India’s Legal research and Law Firm App, Download now!

        For Daily Legal Updates, Join us on :

        whatsapp-icon telegram-icon
        whatsapp-icon Back to top