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

2022 Supreme(Online)(NCLAT) 731

NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Justice Ashok Bhushan (Chairperson) , Hon'ble Mr. Barun Mitra (Member (Technical)) ,
BHARTIYA KAMGAR SENA AND ANR – Appellant
Versus
MR ASHISH CHHAWCHHARIA AND ORS. – Respondent


JUDGMENT

ASHOK BHUSHAN, J.

All these Appeals have been filed against the same order dated 22.06.2021 Passed by the National Company Law Tribunal (NCLT), Mumbai Bench, Court No.I approving the Resolution Plan submitted by ‘Jalan Fritesch Consortium’ with respect to the Corporate Debtor – ‘Jet Airways (India) Limited’. First five appeals have been filed by workmen and employees of Jet Airways (India) Limited and last three appeals have been filed by Operational Creditors of Jet Airways (India) Limited. All the Appellant(s) aggrieved by order of Adjudicating Authority dated 22.06.2021 approving the resolution plan has come up in these Appeal(s). 2. Before we notice the individual facts in each of the above Appeal(s), it is necessary to notice few background facts giving rise to these appeals:

(i) The Corporate Debtor - Jet Airways (India) Limited has been in airline operation since 1993. Due to various reasons Jet Airways (India) Limited stopped its operation on 17.04. 2019. An Application under Section 7 was filed by State Bank of India being CP (IB) No.2205/MB/2019, which Application was admitted by NCLT, Mumbai Bench Wide order dated 22.06.2019. The Adjudicating Authority appointed Mr

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