NATIONAL COMPANY LAW APPELLATE TRIBUNAL

NEW DELHI

Company Appeal (AT) (Insolvency) No. 707 of 2019

IN THE MATTER OF:

Jet Airways (India) Ltd.

(Offshore Regional Hub/Offices

Through its Administrator Mr. Rocco Mulder)

…Appellant

Versus

State Bank of India & Anr.

…Respondents

Present:

For Appellant :

Mr. Sumant Batra, Ms. Priyanka Anand and

Ms. Srishti Kapoor, Advocates

For 1^st Respondent: Ms. Gauri Rasgotra, Mr. Karan Khanna and Ms. Ritu

Anand, Advocates

For 2^nd Respondent :

Mr. Krishnendu Datta, Ms. Anindita Roy

Chowdhury, Mr. Aditya Chatterjee and Ms. Mehak

Khurana, Advocates

O R D E R

26.09.2019

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 Inso