153 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 Equitable Holdings Announces New Leadership Appointments Amazon Business Introduces “Prefer Small and Medium Enterprises” Feature to Facilitate Purchases PHL, WB ink loan deals worth $1.14B Visa Launches ‘Pay Safe Everyday with Visa’ Campaign Featuring Vicky Kaushal Empowering Community Pharmacies: CVS Pharmacy Introduces CVS CostVantage PFG and Partners Launch Sustainable Distribution Hub