NCLAT asks Jet Airways Resolution Professional to cooperate with Dutch Bankruptcy AdministratorSeptember 4 2019
The National Company Law Appellate Tribunal (NCLAT) today directed the Jet Airways Resolution Professional to work with the Dutch Bankruptcy Administrator in the ongoing Jet Airways Insolvency matter and then formulate the "terms of agreement" with him.
Jet Airways is facing Insolvency proceedings in the Netherlands as well ,where it was declared bankrupt in response to a complaint filed by two European creditors.
Subsequently, a Bankruptcy Administrator or "trustee in charge" was appointed by the Dutch court for certain offshore properties of Jet . . .
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