The case involves an application (IA No. 766/2022) filed by Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA), a registered trade union and stakeholder in the resolution process of Jet Airways (India) Ltd., the Corporate Debtor. JAMEWA sought to be impleaded as a party respondent in IA No. 686 of 2022 filed by the Resolution Applicant to oppose it. IA 686/2022 sought exclusion of time period from 17.01.2022 to 22.03.2022. The applicant relied on an order of NCLAT dated 14.02.2022 in Appeal No. 628 of 2020. The resolution plan for Jet Airways was approved on 22.06.2021.
Jet Airways (India) Ltd. is undergoing a Corporate Insolvency Resolution Process (CIRP). A resolution plan for Jet Airways was approved on 22.06.2021. The resolution plan included conditions precedent that needed to be fulfilled for the plan to become effective. The Successful Resolution Applicant (SRA) was granted liberty to approach the Adjudicating Authority for extensions of time to fulfill these conditions. The initial effective date was tentatively set as the 90th day from the approval of the Resolution Plan, which was 22.09.2021. This date was later extended to 22.12.2021 and then to 22.03.2022. The Resolution Applicant filed IA No. 125 of 2022 related to expenses required for fulfilling the conditions precedent. The Jet Aircraft Maintenance Engineers Welfare
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The case involves an application (IA No. 766/2022) filed by Jet Aircraft Maintenance Engineers Welfare Association (JAMEWA), a registered trade union and stakeholder in the resolution process of Jet Airways (India) Ltd., the Corporate Debtor. JAMEWA sought to be impleaded as a party respondent in IA No. 686 of 2022 filed by the Resolution Applicant to oppose it. IA 686/2022 sought exclusion of time period from 17.01.2022 to 22.03.2022. The applicant relied on an order of NCLAT dated 14.02.2022 in Appeal No. 628 of 2020. The resolution plan for Jet Airways was approved on 22.06.2021.
Jet Airways (India) Ltd. is undergoing a Corporate Insolvency Resolution Process (CIRP). A resolution plan for Jet Airways was approved on 22.06.2021. The resolution plan included conditions precedent that needed to be fulfilled for the plan to become effective. The Successful Resolution Applicant (SRA) was granted liberty to approach the Adjudicating Authority for extensions of time to fulfill these conditions. The initial effective date was tentatively set as the 90th day from the approval of the Resolution Plan, which was 22.09.2021. This date was later extended to 22.12.2021 and then to 22.03.2022. The Resolution Applicant filed IA No. 125 of 2022 related to expenses required for fulfilling the conditions precedent. The Jet Aircraft Maintenance Engineers Welfare
…The Air Operator…
The Resolution Plan for…