NCLAT seeks Jet lenders’ response on Dutch insolvency administrator’s plea

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors (CoC) of Jet Airways if they would coordinate with a Dutch court appointed administrator and accord other equally situated foreign lenders, who were also pursuing insolvency proceedings against the debt-laden airline, the same status as they would to the secured and unsecured financial creditors in India.

A three-member Bench led by Chairperson Justice S J Mukhopadhaya asked the lenders to the airline to file an affidavit within a week detailing whether they would also pay the fees and costs of the Dutch court appointed administrator. The case will be next heard on September 4.