The case involves appeals against an order by the National Company Law Appellate Tribunal (NCLAT) which upheld an order by the National Company Law Tribunal (NCLT) approving a resolution plan for Jet Airways (India) Limited. The NCLT had held that the Resolution Applicant (Respondent No. 1) had fulfilled all conditions precedent as stipulated in the Resolution Plan and directed that a Performance Bank Guarantee (PBG) of Rs. 150 Crore could be adjusted towards the first tranche payment of Rs. 350 Crore. The appellants challenged this order, arguing that the adjustment of the PBG was impermissible, that the airport dues were incorrectly limited, and that the workmen's dues were improperly reduced. The Supreme Court examines the validity of the NCLAT's order and the

The case involves appeals against an order by the National Company Law Appellate Tribunal (NCLAT) which upheld an order by the National Company Law Tribunal (NCLT) approving a resolution plan for Jet Airways (India) Limited. The NCLT had held that the Resolution Applicant (Respondent No. 1) had fulfilled all conditions precedent as stipulated in the Resolution Plan and directed that a Performance Bank Guarantee (PBG) of Rs. 150 Crore could be adjusted towards the first tranche payment of Rs. 350 Crore. The appellants challenged this order, arguing that the adjustment of the PBG was impermissible, that the airport dues were incorrectly limited, and that the workmen's dues were improperly reduced. The Supreme Court examines the validity of the NCLAT's order and the