{"id":277960,"date":"2019-06-11T05:45:22","date_gmt":"2019-06-11T05:45:22","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277960"},"modified":"2019-06-11T05:45:22","modified_gmt":"2019-06-11T05:45:22","slug":"nclt-to-hear-insolvency-petitions-against-jet-airways-on-june-13","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclt-to-hear-insolvency-petitions-against-jet-airways-on-june-13\/","title":{"rendered":"NCLT to hear insolvency petitions against Jet Airways on June 13"},"content":{"rendered":"<p>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\u2019s operational creditors, Shaman Wheels and Gaggar Enterprises, on June 13.<\/p>\n<p>Adjourning the matter, the bench said that the court will serve a notice to Jet Airways.<\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s 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.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[196,130,138],"tags":[],"class_list":["post-277960","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277960"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277960\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}