77 The Jet Airways Cabin Crew Association (JACCA) filed a liquidation application before the National Company Law Tribunal (NCLTMumbai )’s bench on Tuesday, demanding the liquidation of Jet Airways’ assets due to a breach of the resolution plan. Any further delay in the liquidation process, according to the organization, will diminish the value of the debt-laden airline’s assets. According to Rahul Kamerkar, the counsel for JACCA, the victorious bidder Jalan Kalrock Consortium has not met the terms of the settlement plan.“There has been a clear contravention of the resolution plan by the successful resolution applicant,” Kamerkar said. You Might Be Interested In Tesla shares valued $3.58 billion sold by Elon Musk Shein Reportedly Files Confidentially for US IPO, Aiming to Raise Billions Meta to settle Facebook Cambridge Analytica lawsuit for $725 Mn Crypto embrace faces challenges | The Standard Israel and Bahrain agree to boost trade ties Walmart to cut over 2,000 jobs in e-commerce warehouses
