The National Company Law Tribunal (NCLT) on Wednesday directed the financial creditors of Jet Airways to disburse Rs 63 crore worth of interim funds in 15 days.
The interim funding was approved by the members of the committee of creditors (CoC) of Jet Airways on July 19 to safeguard the airline’s assets and run the insolvency process.
Passing an oral order, a two-member Mumbai bench of the tribunal noted that the resolution professional (RP) is facing “tremendous hardship” due to unavailability of funds.
