The National Company Law Appellate Tribunal (NCLAT) on Friday dismissed an appeal of Jet Airways bidder Jalan Kalrock Consortium (JKC) challenging the sale of aircraft belonging to the grounded airline.
The tribunal had reserved its order on an appeal filed by JKC against the National Company Law Tribunal (NCLT) order asking the airline’s monitoring committee to conclude the sale of the Jet aircraft.
All-India Jet Airways Officers and Staff Association had also filed an appeal against NCLT’s order. This was also dismissed by the NCLAT on Friday. JKC had argued that the NCLT’s order for the sale of the aircraft was beyond its jurisdiction.
