The Administrator of Jet Airways (India) Ltd. (Offshore Regional Hub) reported difficulties, including a lack of cooperation from the Committee of Creditors, despite the Resolution Professional's cooperation. This led to the NCLAT issuing directions to address these issues and facilitate a joint Corporate Insolvency Resolution Process.
The Administrator for Jet Airways (India) Ltd. (Offshore Regional Hub) informed the National Company Law Appellate Tribunal (NCLAT) about significant difficulties encountered during the insolvency process. These problems were brought to the attention of the Resolution Professional, who is reportedly cooperating with the Corporate Debtor. However, the Administrator is not receiving the necessary cooperation from the Committee of Creditors.
…The NCLAT heard Mr. Sumant Batra, counsel for…
The case is posted 'For Orders' on September 4,…
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The Administrator of Jet Airways (India) Ltd. (Offshore Regional Hub) reported difficulties, including a lack of cooperation from the Committee of Creditors, despite the Resolution Professional's cooperation. This led to the NCLAT issuing directions to address these issues and facilitate a joint Corporate Insolvency Resolution Process.
The Administrator for Jet Airways (India) Ltd. (Offshore Regional Hub) informed the National Company Law Appellate Tribunal (NCLAT) about significant difficulties encountered during the insolvency process. These problems were brought to the attention of the Resolution Professional, who is reportedly cooperating with the Corporate Debtor. However, the Administrator is not receiving the necessary cooperation from the Committee of Creditors.
…The NCLAT heard Mr. Sumant Batra, counsel for…
The case is posted 'For Orders' on September 4,…
Sign in to view related legal provisions.