The Mumbai Bench of the National Company Law Tribunal (NCLT) on Thursday admitted State Bank of India’s (SBI) insolvency plea against Jet Airways.
The insolvency court also rejected an earlier order passed by a Dutch court agreeing to initiate bankruptcy proceedings against the grounded airline based on pleas by some local vendors.
The NCLT, in its order, said it cannot take note of the Dutch court order, as no non-Indian court is authorised to pass an insolvency order on a company registered in India.
