Is there a need for a separate bankruptcy resolution process involving airlines? Lessons from Jet Airways

The insolvency resolution process for Jet Airways NSE -0.81 % continued for over two years before reaching a conclusion with the Kalrock-Jalan consortium getting the NCLT nod.

However, their offer has left the employees seething as they waited for two years on the status of their employment.

The resolution plan has been challenged in NCLAT by the employee associations of Jet Airways on the grounds of lack of clarity over pending salalries and retirement benefits.