The Supreme Court Monday dismissed the appeal of Jalan-Kalrock Consortium (JKC) that sought a stay on the National Company Law Appellate Tribunal (NCLAT) order directing it to pay provident fund and gratuity dues to workers and employees of Jet Airways.
In a January 13, 2023 order, the National Company Law Tribunal (NCLT) had approved transfer of Jet ownership to JKC.
The consortium had approached the SC after its plea seeking to cap its payment liabilities at Rs 475 crore under the approved resolution plan was struck down by the NCLAT on December 6, 2022.
