NCLT rejects Jet employee unions’ plea to share details of the resolution plan
The dedicated bankruptcy court has rejected the pleas filed by four employees associations of bankrupt Jet Airways NSE 4.97 % as well as Bhartiya Kamgar Sena who were seeking a copy of the Jalan and Fritch Consortium’s revival plan from the resolution professional (RP).
The petitions argued that the employees of the corporate debtor (Jet Airways) are its assets and are interested in its successful resolution. The Union being unaware of the details of the Resolution Plan needed to know what was provided thereunder for its members and employees.
