Dutch court administrator, Jet Airways’ RP agree to cooperate in insolvency
Jet Airways’ resolution professional (RP) and a Dutch court-appointed administrator on Friday informed the National Company
Law Appellate Tribunal (NCLAT) that they would cooperate with each other in the insolvency proceedings of the debt-laden airline.
The Committee of Creditors (CoC) of the airline objected to the presence of the Dutch court insolvency administrator during the meetings, but the appellate tribunal rejected the contention. “He should be there… he has to collate his claims. Both sides should go together…he must be there for maximisation of value of assets,” NCLAT Chairperson Justice S J Mukhopadhaya said.
