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Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues

The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021

Jet Airways
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On October 21 the NCLAT directed the consortium to pay gratuity and provident fund to the grounded airline’s employees until the date of insolvency commencement in June 2019

Aneesh PhadnisRuchika Chitravanshi Mumbai/New Delhi
The Jalan-Kalrock consortium is planning to move the Supreme Court against the National Company Law Appellate Tribunal’s (NCLAT’s) order that it must clear the unpaid provident fund and gratuity dues of Jet Airways employees, a source aware of the development said. The consortium declined to comment on the issue.

The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021. But the plan is in turbulence over the payment of estimated Rs 200-crore PF and gratuity dues that arose from an earlier appellate

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