Jet Airways insolvency: NCLAT to hear Dutch court administrator’s appeal
The National Company Law Appellate Tribunal (NCLAT) on Friday agreed to hear a petition filed by a Dutch court administrator in the Jet Airways insolvency case as it stayed parts of the Mumbai bench of the National Company Law Tribunal’s order that declared overseas bankruptcy proceedings null and void.
Jet is facing insolvency proceedings in the Netherlands as well, where it was declared bankrupt after it failed to pay two European creditors. Subsequently, a bankruptcy administrator was appointed by the Dutch court.
