{"id":279168,"date":"2019-06-20T06:19:43","date_gmt":"2019-06-20T06:19:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=279168"},"modified":"2019-06-20T06:19:43","modified_gmt":"2019-06-20T06:19:43","slug":"jet-airways-crisis-nclt-to-hear-three-insolvency-pleas-today","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-crisis-nclt-to-hear-three-insolvency-pleas-today\/","title":{"rendered":"Jet Airways crisis: NCLT to hear three insolvency pleas today"},"content":{"rendered":"<p>The National Company Law Tribunal (NCLT) is set to hear the State Bank of India\u2019s application to initiate insolvency proceedings against Jet Airways, along with two similar petitions filed by operational creditors \u2014 Shaman Wheels and Gaggar Enterprises on Thursday.<\/p>\n<p>SBI, represented by Cyril Amarchand Mangaldas, has filed a plea under Section 7 of the IBC, that allows financial creditor to file an application against the corporate debtor.<\/p>\n<p>Meanwhile, at the hearing on Wednesday, Kiran Sharma, junior to Sumant Batra who is representing Rocco Mulder, appointed by the North Holland District Court as trustee or \u2018administrator in bankruptcy\u2019 of Jet Airways (India) during its bankruptcy hearings, apprised the NCLT of the Netherlands court\u2019s judgment declaring the airline \u2018to be in a state of bankruptcy\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Company Law Tribunal (NCLT) is set to hear the State Bank of India\u2019s application to initiate insolvency proceedings against Jet Airways, along with two similar petitions filed by operational creditors \u2014 Shaman Wheels and Gaggar Enterprises on Thursday. SBI, represented by Cyril Amarchand Mangaldas, has filed a plea under Section 7 of the IBC, that allows financial creditor to file an application against the corporate debtor. Meanwhile, at the hearing on Wednesday, Kiran Sharma, junior to Sumant Batra who is representing Rocco Mulder, appointed by the North Holland District Court as trustee or \u2018administrator in bankruptcy\u2019 of Jet [&hellip;]<\/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-279168","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\/279168","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=279168"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/279168\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=279168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=279168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=279168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}