SC upholds NCLAT order on payment of dues to former employees of Jet Airways

In a setback to the Jalan Fritsch consortium, the successful bidder of debt-laden Jet Airways, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal’s (NCLAT) order that asked it to clear the unpaid provident fund and gratuity dues of ?250 crore to the former employees of the grounded airline.