NCLAT issues notice to Jet Airways’ administrator, lenders

The National Company Law Appellate Tribunal (NCLAT) on Thursday issued a notice to the administrator and lenders of the defunct Jet Airways in a petition filed by Punjab National Bank (PNB).

In its plea, the lender has alleged “gross irregularities” on part of the resolution professional (RP) and urged the appellate tribunal to quash the rescue plan for the debt-laden carrier. The move further delays the airline’s revival plans.