The National Company Law Appellate Tribunal (NCLAT), on Friday, agreed to hear a plea filed by a Dutch court seeking access to the financial details of Jet Airways. Staying an order by the National Company Law Tribunal, the NCLAT Bench headed by Chairman Justice SJ Mukhopadhaya asked the lenders to the airline to file a response to the Dutch court’s plea within two weeks.
Earlier, the NCLT had rejected the Dutch court’s plea on the grounds that under the Insolvency and Bankruptcy Code, the debt resolution process of Jet can be undertaken only in India. In April, two vendors of Jet Airways from the Netherlands had filed a petition in a local Dutch court seeking recovery of about ₹280 crore.
