NCLT to hear insolvency petitions against Jet Airways on June 13

In the absence of any representatives from Jet Airways, the Mumbai bench of the National Company Law Tribunal (NCLT) on Monday decided to hear two separate petitions filed by the cash-strapped airline’s operational creditors, Shaman Wheels and Gaggar Enterprises, on June 13.

Adjourning the matter, the bench said that the court will serve a notice to Jet Airways.

According to the cause list available on the NCLT website, Gaggar Enterprises has also filed a second petition under Section 7 of the Insolvency and Bankruptcy Code, which allows a financial creditor to file an application against the corporate debtor.