{"id":293975,"date":"2019-09-27T10:46:54","date_gmt":"2019-09-27T05:16:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=293975"},"modified":"2019-09-27T10:58:17","modified_gmt":"2019-09-27T05:28:17","slug":"nclat-allows-dutch-court-administrator-to-be-part-of-jet-airways-coc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nclat-allows-dutch-court-administrator-to-be-part-of-jet-airways-coc\/","title":{"rendered":"NCLAT allows Dutch court administrator to be part of Jet Airways&#8217; CoC"},"content":{"rendered":"<p>National Company Law Appellate Tribunal (NCLAT) has allowed the Dutch court administrator to be a part of the Jet Airways&#8217; Committee of Creditor (CoC) meetings. NCLAT also finalized the cross-border insolvency protocol for the airline. <\/p>\n<p>Jet Airways was declared bankrupt in a Netherlands court after two European creditors filed a a complaint against the airline. <\/p>\n<p>Earlier, NCLT had rejected the Dutch court\u2019s plea on the grounds that under the Insolvency and Bankruptcy Code, the debt resolution process of Jet can be undertaken only in India. <\/p>\n<p>In April, two vendors of Jet Airways from the Netherlands had filed a petition in a local Dutch court seeking recovery of about \u20b9280 crore. In July, NCLAT had agreed to hear a plea filed by the court seeking access to the financial details of Jet Airways.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Company Law Appellate Tribunal (NCLAT) has allowed the Dutch court administrator to be a part of the Jet Airways&#8217; Committee of Creditor (CoC) meetings. NCLAT also finalized the cross-border insolvency protocol for the airline. Jet Airways was declared bankrupt in a Netherlands court after two European creditors filed a a complaint against the airline. Earlier, NCLT had rejected the Dutch court\u2019s plea on the grounds that under the Insolvency and Bankruptcy Code, the debt resolution process of Jet can be undertaken only in India. In April, two vendors of Jet Airways from the Netherlands had filed a petition in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-293975","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293975","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=293975"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/293975\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=293975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=293975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=293975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}