132 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 Barclays to Sell $1.1 Billion US Credit Card Debt to Blackstone Global Fintech pioneer Olugbenga Agboola joins WSJ CEO council Analyst Optimistic About Adobe’s Success with AI Integration and Growing Partnerships PayPal’s Earnings Surpass Expectations; CEO Touts ‘Transition’ Year British ISA Plan Met with Skepticism as Budget Unveils Targeted Equity Boost Sunflame Enterprises to be acquired by V-Guard for ₹6.6 billion
