Wednesday, May 29, 2024
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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.

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