The case involves multiple applications (IA No. 1862, 2125, 2248, and 2449/MB/2020) filed by various unions and associations representing employees and officers of Jet Airways (India) Limited, the Corporate Debtor, which is undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. State Bank of India initiated the CIRP. The applications seek directions to the Resolution Professional (RP) to furnish copies of the resolution plan approved by the Committee of Creditors (CoC) and to allow the applicants to participate in the hearings for the approval of the resolution plan. The RP opposed the applications, citing confidentiality and the limited role of operational creditors in the resolution process.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Jet Airways (India) Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after Jet Airways defaulted on its financial debt. Ashish Chhawchharia was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) approved a resolution plan submitted by ‘JALAN and FRITCH Consortium' with 99.22% of votes. Several unions and associations representing employees and officers of Jet Airways, including National Aviators' Guild (NAG), Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA), Bhartiya Kamgar Sena (BKS), and All India Jet Airways Officers' and Staff Association (AIJAOSA), filed applications seeking copies of the
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The Tribunal admitted…
The period of CIRP was extended up to…
The case involves multiple applications (IA No. 1862, 2125, 2248, and 2449/MB/2020) filed by various unions and associations representing employees and officers of Jet Airways (India) Limited, the Corporate Debtor, which is undergoing Corporate Insolvency Resolution Process (CIRP) under Section 7 of the Insolvency and Bankruptcy Code, 2016. State Bank of India initiated the CIRP. The applications seek directions to the Resolution Professional (RP) to furnish copies of the resolution plan approved by the Committee of Creditors (CoC) and to allow the applicants to participate in the hearings for the approval of the resolution plan. The RP opposed the applications, citing confidentiality and the limited role of operational creditors in the resolution process.
State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against Jet Airways (India) Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The CIRP was initiated after Jet Airways defaulted on its financial debt. Ashish Chhawchharia was appointed as the Resolution Professional (RP). The Committee of Creditors (CoC) approved a resolution plan submitted by ‘JALAN and FRITCH Consortium' with 99.22% of votes. Several unions and associations representing employees and officers of Jet Airways, including National Aviators' Guild (NAG), Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA), Bhartiya Kamgar Sena (BKS), and All India Jet Airways Officers' and Staff Association (AIJAOSA), filed applications seeking copies of the
…The Tribunal admitted…
The period of CIRP was extended up to…